Professor Wood uses in his talk new data and modern time series econometrics to examine the relationship between interest rates, prices and inflation in Britain from 1870 to 2006 for which reliable data are available.

Geoffrey Wood is Professor of Economics at Cass Business School (Go to Geoffrey Wood's Cass Experts entry).

Professor Wood uses in his talk new data and modern time series econometrics to examine the relationship between interest rates, prices and inflation in Britain from 1870 to 2006 for which reliable data are available. He pays particular attention to changes in monetary regimes as these may lead to breaks in the relationships and to associated shifts in the stochastic structure of interest rates and prices. The behaviour of real interest rates is examined in detail and estimates of the expected real rate are calculated using a variety of methods so as to check for robustness.