UK Business and Financial Cycles Since 1660 Volume I: A Narrative Ov
This book is the first of two volumes that aim to provide an up-to-date overview of the key data and techniques necessary for analysing the historical behaviour of business and financial cycles in the United Kingdom. Drawing on an extensive secondary lite
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UK Business and Financial Cycles Since 1660
Nicholas Dimsdale · Ryland Thomas
UK Business and Financial Cycles Since 1660 Volume I: A Narrative Overview
Nicholas Dimsdale University of Oxford Oxford, Oxfordshire, UK
Ryland Thomas Bank of England London, UK
ISBN 978-3-030-26345-4 ISBN 978-3-030-26346-1 (eBook) https://doi.org/10.1007/978-3-030-26346-1 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Heritage Image Partnership Ltd/Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
The views expressed here represent those of the authors and do not represent the views of the Bank of England or its policy committees.
Acknowledgements
We would like to thank many colleagues for their help and support in writing this book. In particular, we are grateful to Jason Lennard and Sally Srinivasan for reading the manuscript and making many helpful suggestions and changes. We are also both grateful to Jagjit Chadha who kindly allowed us to draw from many joint pieces of work and for permission to access the library and archive at the National Institute of Economic and Social Research which provided many nuggets of information and sources of inspiration. We are also very grateful to Steve Broadberry, Solomos Solomou and Martin Weale for their help and advice on the GDP data and their insights on historical UK business cycles from their previous work on which we have drawn heavily. We are also very grateful to Olly Bush, Nick Crafts, John Gent, Terry Mills and Ranald Michie for kindly providing us with data from their previous work. At the Bank of England we would also lik
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