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This paper estimates the effects of monetary policy on the UK economy based on a new, extensive real-time forecast data set. Employing the Romer–Romer identification approach we first construct a new measure of monetary policy innovations for the UK economy. We find that a 1 percentage point...
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As part of its response to the global banking crisis and a sharp downturn in domestic economic prospects, the Bank of … reaction of financial market prices and econometric estimates, this paper attempts to assess the impact of the Bank’s QE policy …
Persistent link: https://www.econbiz.de/10008465815