Testing the stabilization hypothesis in the UK short-term interest rates: Evidence from a GARCH-X model

2006 ◽  
Vol 46 (2) ◽  
pp. 169-189 ◽  
Author(s):  
Sotiris K. Staikouras
Keyword(s):  
1987 ◽  
Vol 19 (3) ◽  
pp. 331-346 ◽  
Author(s):  
Terence C. Mills ◽  
Michael J. Stephenson

1996 ◽  
Vol 45 (3) ◽  
Author(s):  
Philip Nölling

AbstractWith the beginning of EMU there will be only one monetary policy with a single short term interest rate. In order for common monetary policy to be successful EMU member states have to react similarly to monetary signals from the European Central Bank (ECB). Because of its unique sensitivity to short term interest rates, this would not be the case for the UK. If, for example, the ECB would raise the short term interest rates by an amount which is appropriate for countries like France and Germany, the UK might sink into recession. This shows that besides political reasons there is also an economic reason for the UK’s opting-out from EMU.


1994 ◽  
Vol 150 ◽  
pp. 29-61
Author(s):  
Ray Barrell ◽  
Nigel Pain ◽  
Julian Morgan

The prospects look good for either strong recovery or sustained growth of output throughout most of the OECD in 1995. The UK, US and Canada have grown at above trend rates this year after entering recessions in 1990 or 1991. Continental Europe followed them into recession in 1992 or 1993. These developments prompted a worldwide loosening of monetary policy which began in North America, where real short-term interest rates fell to around zero in 1992. The loosening of monetary policy in Europe (and the UK) came later and real short-term interest rates remain high at around 3 per cent, suggesting that the European upturn will be at a more moderate pace than elsewhere. This policy relaxation is a significant driving force behind the strength of output in the forecast.


1995 ◽  
Vol 152 ◽  
pp. 3-5

Economic conditions continue to improve, with growth at a satisfactory rate and inflation subdued, whether one considers the UK in particular or the world economy in aggregate. This cheerful prospect may be threatened however by financial developments, with some turbulence in foreign exchange markets and uncertainty about the future of monetary policy. In the UK this uncertainty is particularly acute following the surprise decision not to raise short-term interest rates in May.


2014 ◽  
pp. 107-121 ◽  
Author(s):  
S. Andryushin

The paper analyzes monetary policy of the Bank of Russia from 2008 to 2014. It presents the dynamics of macroeconomic indicators testifying to inability of the Bank of Russia to transit to inflation targeting regime. It is shown that the presence of short-term interest rates in the top borders of the percentage corridor does not allow to consider the key rate as a basic tool of monetary policy. The article justifies that stability of domestic prices is impossible with-out exchange rate stability. It is proved that to decrease excessive volatility on national consumer and financial markets it is reasonable to apply a policy of managing financial account, actively using for this purpose direct and indirect control tools for the cross-border flows of the private and public capital.


2005 ◽  
Author(s):  
Diether W. Beuermann ◽  
Antonios Antoniou ◽  
Alejandro Bernales
Keyword(s):  

2020 ◽  
pp. bmjmilitary-2020-001455 ◽  
Author(s):  
Jonathan Blair Thomas Herron ◽  
K M Heil ◽  
D Reid

In 2015, the UK government published the National Strategic Defence and Security Review (SDSR) 2015, which laid out their vision for the future roles and structure of the UK Armed Forces. SDSR 2015 envisaged making broader use of the Armed Forces to support missions other than warfighting. One element of this would be to increase the scale and scope of defence engagement (DE) activities that the UK conducts overseas. DE activities traditionally involve the use of personnel and assets to help prevent conflict, build stability and gain influence with partner nations as part of a short-term training teams. This paper aimed to give an overview of the Specialist Infantry Group and its role in UK DE. It will explore the reasons why the SDSR 2015 recommended their formation as well as an insight into future tasks.


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