UK monetary policy 1972 -97: a guide using Taylor rules

By Edward Nelson. 2001

223 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/197a2ca4dfc9af99503b9f2e7eca519d6755003b

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In Economics and Econometrics

Citations in the corpus

The Impact of Monetary Policy on Inequality in the UK. An Empirical Analysis (2017, background): “The second part of 1970s is characterised by monetary easing as the nominal interest rates were kept below the actual and perspective in(cid:135)ation rate (Nelson, 2000).”
Price Adjustment and Exchange Rate Pass-through (2010, unknown): “Clearly, our model incorporates a rather naïve monetary rule, in comparison to estimated Taylor rules (e.g. Clarida et al. 1998; Nelson, 2001).”
Term structure evidence on interest rate smoothing and monetary policy inertia (2002, background): “For example, Clarida, Gali, and Gertler (1998) estimate Rule 2 on quarterly European data and obtain estimates of ρ2 above 0.90 in Germany, France, Italy, and the UK, and Nelson (2000) provides estimates of Rule 1 for the UK that also display signiÞcant lagged dependence.”
Labour Market Institutions and Aggregate Fluctuations in a Search and Matching Model (2011, unknown): “Following Petrongolo and Pissarides (2001), the maching technology assumes the form m(ut, vt) = χu ξ tv 1−ξ t , where 0 < ξ < 1, and χ is a scale parameter.”
Monetary Policy Rules for an Open Economy (2003, methodology): “(See Nelson (2000).) (28) These were computed by conducting 100 simulations.”
Taylor Rules with Real-Time Data: A Tale of Two Countries and One Exchange Rate (2008, methodology): “Interest rate reaction functions using real-time data have also been estimated by Nelson (2003) for the United Kingdom and Clausen and Meier (2005) and Gerberding, Worms, and Seitz (2005) (GWS) for Germany.”