Volume: 5 Issue: 2

European Journal of Economics and Economic Policies: Intervention

Special Forum on Economic Policy Studies: Productivity Growth and Unemployment Under Mrs. Thatcher Reconsidered


First paragraph

Mrs. Thatcher’s controversial premiership in the UK ran from 1979 to 1990. It witnessed the end of the post-war Keynesian macroeconomic consensus and the introduction of monetarist policies targeting inflation by attempting to control the growth of the money supply. The commitment to the maintenance of high and stable employment was abandoned and labour markets were deregulated in an attempt to improve Britain’s poor economic performance since the Second World War.

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