We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
UK monetary regimes and macroeconomic stylised facts.
- Authors
Benati, Luca
- Abstract
The paper investigates continuity and changes across monetary regimes in key macroeconomic stylized facts in Great Britain by exploiting the marked changes in the country's monetary arrangements since the metallic standards era. Key findings suggest most stable macroeconomic environment in post-1992 inflation-targeting regime and weakest correlation between unemployment and inflation at business-cycle frequencies. A remarkable stability across regimes in the correlation between inflation and the rate of growth of both narrow and broad monetary aggregates at the very low frequencies.
- Subjects
MACROECONOMICS; ECONOMIC conditions in Great Britain; PRICE inflation; UNEMPLOYMENT; BUSINESS cycles
- Publication
Bank of England Quarterly Bulletin, 2006, Vol 46, Issue 2, p171
- ISSN
0005-5166
- Publication type
Article