Monetary frameworks and institutional constraints: UK monetary policy reaction functions, 1985-2003

Article Abstract:

A study examining the shift in objectives in framing UK's monetary policy over three periods, i.e., from 1985 to 1990, from 1992 to 1997, and 1997 to 2003, is presented. Formerly, exchange rate stabilization was the main focus, which shifted to inflation targeting.

Government expenditures, Science & research, Research, Economic policy, Inflation (Finance), Monetary policy, Control, Inflation (Economics)

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Implications of the changes in the system of national accounts for measured growth and the business cycle

Article Abstract:

The article examines the extent to which the business cycle and the composition of measured growth have changed, based on recent national accounts changes.

Luxembourg, Measurement, Comparative analysis, Business cycles, Econometric models

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Modelling currency crises in emerging markets: a dynamic probit model with unobserved heterogeneity and autocorrelated errors

Article Abstract:

Empirical model of probability of occurrence of currency crises in developing countries, based on real, monetary, debt, and global variables, is presented.

Strategy & planning, Planning, Usage, Company business planning, Economic development models

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