Margaret Thatcher started an aggressive disinflationary policy when she came to office as the UK’s prime minister in 1979. In October 1980, she delivered her famous “the lady’s not for turning” speech. What was the aim of this speech and how was it influenced by monetarist views on the importance of credibility and managing inflation expectations?Discuss
Open Economy Macroeconomics Margaret Thatcher started an aggressive disinflationary policy when she came to office as the UK’s prime minister in 1979. In October 1980, she delivered her famous “the lady’s not for turning” speech. What was the aim of this speech and how was it influenced by monetarist views on the importance of credibility […]