Modelling monetary transmission in UK manufacturing industry

e-Archivo Repository

Show simple item record

dc.contributor.author Tena Horrillo, Juan de Dios
dc.contributor.author Tremayne, A. R.
dc.date.accessioned 2006-11-09T10:59:40Z
dc.date.available 2006-11-09T10:59:40Z
dc.date.issued 2006-05
dc.identifier.uri http://hdl.handle.net/10016/242
dc.description.abstract This paper studies the transmission of monetary policy to industrial output in the UK. In order to capture asymmetries, a system of threshold equations is considered. However, unlike previous research, endogenous threshold parameters are allowed to be different for each equation. This approach is consistent with economic intuition and is shown to be of tangible importance after suitable econometric evaluation. Results show evidence of cross-sectional differences across industries and asymmetries in some sectors. These findings contribute to the debate about the importance of alternative economic theories to explain these asymmetries and support the use of a sectorally disaggregated approach to the analysis of monetary transmission.
dc.format.extent 521228 bytes
dc.format.mimetype application/pdf
dc.language.iso eng
dc.language.iso eng
dc.relation.ispartofseries UC3M Working Papers. Statistics and Econometrics
dc.relation.ispartofseries 2006-11
dc.title Modelling monetary transmission in UK manufacturing industry
dc.type workingPaper
dc.subject.eciencia Estadística
dc.rights.accessRights openAccess
dc.identifier.repec ws062911
 Find Full text

Files in this item

*Click on file's image for preview. (Embargoed files's preview is not supported)


This item appears in the following Collection(s)

Show simple item record