We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Using estimated models to assess nominal and real rigidities in the United Kingdom.
- Authors
Kamber, Gunes; Millard, Stephen
- Abstract
The article considers two such models using Great Britain's data to understand the involvement of monetary policy in prices and inflation. It claims that the rises in interest rates are being responded by the output, consumption, investment and capacity utilization. It also proposes that the quick response of productivity to the changes in interest rates suggests the occurrence of movements in employment with a lag relative to movements in output.
- Subjects
UNITED Kingdom; PRICE inflation; PRODUCTION (Economic theory); MONETARY policy; CONSUMPTION (Economics); EMPLOYMENT; INVESTMENTS
- Publication
Bank of England Quarterly Bulletin, 2010, Vol 50, Issue 3, p208
- ISSN
0005-5166
- Publication type
Article