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contribution to fluctuations in, the real exchange rate, output growth and inflation in four major economies over the past four … focused on inflation and output and the time-varying impact of monetary policy on these variables. In addition we generalise … as follows. The transmission of demand, supply and nominal shocks to the real exchange rate, output and inflation has …
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This paper assesses how shocks to bank capital may influence a bank's portfolio behaviour using novel evidence from a UK bank panel data set from a period that pre-dates the recent financial crisis. Focusing on the behaviour of bank loans, we extract the dynamic response of a bank to innovations...
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large number of co-breaking series. The method is applied to UK RPI inflation in the period after 2001. A break is detected …
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