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The Impact of Monetary Trend on Prices and Nominal Income in the UK during the Covid-19 Pandemic

Year: 2025

Type: article

Abstract: The essay addresses the Bank of England’s (BoE) key role in explaining the development of the UK economy during the Covid-19 pandemic. Focus will be provided on the impact of changes in money growth M4 and M4x on prices and nominal income, respectively. In so doing, the reader will be equipped with some theoretical basis from a neoclassical monetarist and Keynesian point of view to understand the importance of the BoE’s decisions in the explanation of inflation and household spending along the business cycle. The policy conclusions support classical economics with monetarism.

Source: Journal of New Finance

DOI: 10.46671/2521-2486.1041

Author: Sebastian Meyer

Institution: University of Buckingham

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4413840478

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