Meenagh, David; Minford, Patrick; Nowell, Eric; Sofat, … - 2007
industrial economies, but in fact a function of
the monetary policy regime (see also West, 1988).
Over the past decade we have … observed substantial shifts in the monetary policy of a number of
countries, particularly the widespread adoption of explicit … the last
decade.
As Nelson (2001) points out, monetary policy in the UK has undergone several regime changes over
the last …