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Title
The macroeconomic effects of monetary policy: a new measure for the United Kingdom.
Abstract
A summary of the 2014 in-progress research paper "Working Paper No. 493" written by bankers Patrick Hürtgen and James Cloyne for the central bank of Great Britain, the Bank of England is presented. Topics discussed include the macroeconomic effects of monetary policies, technical challenges to identifying the effects of changes to policies, and impact of the study conducted on the policies implemented in the United States and Great Britain.