Mumtaz, Haroon; Zabczyk, Pawel; Ellis, Colin - 2011
demand shocks has changed over the sample period. In particular, during the post-1992 inflation targeting period, monetary … demand shocks in the UK. Simultaneous estimation of time-varying impulse responses of a large set of macroeconomic variables … and disaggregated prices suggest that the response of inflation, money supply and asset prices to monetary policy and …