A Narrative History of UK Business Cycles

  • Nicholas DimsdaleEmail author
  • Ryland Thomas


This chapter provides a complete historical narrative of UK output fluctuations since 1660. It reviews the standard historical narrative of previous studies and re-evaluates them in the light of new data and research. It provides a complete chronology and considers some of the key drivers of UK business cycles by looking at the whole range of historical macroeconomic and financial data. This includes the role of external factors, and monetary and fiscal policies. The aim of the updated narrative is to highlight potential new research areas.


Business cycle chronology Historical narrative Business cycle drivers Monetary and fiscal policies 


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Authors and Affiliations

  1. 1.University of OxfordOxfordUK
  2. 2.Bank of EnglandLondonUK

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