International Finance Discussion Papers: The Effect of Exchange Rates on Prices, Wages, and Profits: A Case Study of the United Kingdom in the 1990s by Joseph E. Gagnon

International Finance Discussion Papers: The Effect of Exchange Rates on Prices, Wages, and Profits: A Case Study of the United Kingdom in the 1990s

Joseph E. Gagnon

22 pages • missing pub info (editions)

nonfiction politics
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During the 1990s the United Kingdom experienced large and sudden exchange rate movements that had no apparent impact on overall consumer prices. This paper shows that the stability of U.K. consumer prices was made possible in part by offsetting mo...

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