A (simple) justification for Carney’s “7% unemployment rate threshold”

Costas, Milas (2013) A (simple) justification for Carney’s “7% unemployment rate threshold” [Online resource]
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Looking at the change in the UK inflation rate against the UK unemployment rate over the 1971-2012 period, Costas Milas examines the implications of the Bank of England’s forward guidance and why the 7% threshold was chosen. The empirical results offer support to the recent decision by Mark Carney and his MPC colleagues.
Item Type Online resource
Copyright holders © 2013 The Author(s) CC BY-NC-ND 3.0
Departments LSE
Date Deposited 08 May 2017 15:03
URI https://researchonline.lse.ac.uk/id/eprint/76011

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