Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10005807971
Persistent link: https://www.econbiz.de/10005807985
Data from a unique monetary 'experiment' conducted in the UK during the period 1994-97 are used to investigate the cost of political intervention in monetary policy. The paper finds that the difference between government bond yields in Germany (but not the US) and the UK was systematically...
Persistent link: https://www.econbiz.de/10005673178
We examine the role and nature of external influences (US as well as German) and changing institutional constraints upon UK monetary policy by estimating Taylor-type reaction functions for three subperiods: 1985-90 (pre-ERM), 1992-97 (post-ERM) and 1997-2000 (MPC). We identify and contrast...
Persistent link: https://www.econbiz.de/10005536815