Data and Code for: Measuring Inflation Expectations in Interwar Britain

Principal Investigator(s):  View help for Principal Investigator(s) Jason lennard, London School of Economics

Version:  View help for Version V1

Name File Type Size Last Modified
Appendix D.do text/plain 280 bytes 09/06/2022 04:09:AM
Data.xlsx application/vnd.openxmlformats-officedocument.spreadsheetml.sheet 1.5 MB 09/06/2022 04:34:AM
Figure 1.do text/plain 3.6 KB 09/06/2022 04:21:AM
Figure 2, Appendix C.do text/plain 4 KB 09/06/2022 03:55:AM
Figure 3.do text/plain 907 bytes 05/05/2022 05:51:AM
Figure 4.do text/plain 836 bytes 09/06/2022 03:59:AM
Figure 8, Appendix H.do text/plain 6.4 KB 09/06/2022 04:21:AM
Figure 9.wf1 application/octet-stream 26.2 KB 03/18/2022 05:04:AM
Master.do text/plain 307 bytes 09/06/2022 04:40:AM
Table 2, Figure 7, Appendix F.do text/plain 3.1 KB 09/06/2022 04:00:AM

Project Citation: 

lennard, Jason. Data and Code for: Measuring Inflation Expectations in Interwar Britain. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-09-06. https://doi.org/10.3886/E179361V1

Project Description

Summary:  View help for Summary What caused the recovery from the British Great Depression? A leading explanation - the “expectations channel” - suggests that a shift in expected inflation lowered real interest rates and stimulated consumption and investment. However, few studies have measured, or tested the economic consequences of, inflation expectations. In this paper, we collect high-frequency information from primary and secondary sources to measure expected inflation in the United Kingdom between the wars. A VAR model suggests that inflation expectations were an important source of the early stages of economic recovery in interwar Britain.



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