Garratt, Anthony; Koop, Gary; Mise, Emi; Vahey, Shaun P. - 2007
at the Rimini Centre for Economic Analysis.
1 Introduction
The demise of UK monetary targeting is generally argued to … time of the Governor’s 1986 speech, the most monetarist
Government in the UK’s post-WWII history had ceased to base policy …-sample predictability is not restricted to a particular
monetary aggregate. With the benefit of longer samples of real-time data for M0 and …