scholarly journals Understanding the Macroeconomic Effects of Working Capital in the United Kingdom

2011 ◽  
Author(s):  
Emilio Fernandez-Corugedo ◽  
Michael F. McMahon ◽  
Stephen Millard ◽  
Lukasz Rachel
Keyword(s):  
United Kingdom ◽  
Working Capital ◽  
The United Kingdom ◽  
Macroeconomic Effects

scholarly journals The Macroeconomic Effects of Monetary Policy: A New Measure for the United Kingdom

2016 ◽  
Vol 8 (4) ◽  
pp. 75-102 ◽  
Author(s):  
James Cloyne ◽  
Patrick Hürtgen
Keyword(s):  
Monetary Policy ◽  
United Kingdom ◽  
The United States ◽  
Percentage Point Increase ◽  
The United Kingdom ◽  
Price Puzzle ◽  
Point Increase ◽  
Forecast Data ◽  
Identification Approach ◽  
Macroeconomic Effects

This paper estimates the effects of monetary policy based on a new, extensive real-time dataset for the United Kingdom. Employing the Romer–Romer identification approach we construct a new measure of monetary policy innovations and find that a 1 percentage point increase in the policy rate reduces output by 0.6 percent and inflation by up to 1 percentage point after 2 to 3 years. Our use of forecast data is shown to be crucial and that their omission generates the well-known price puzzle. Our estimates are more comparable to the wider VAR literature but we also reconcile our findings with the Romer–Romer estimates for the United States. (JEL E23, E31, E32, E52)

scholarly journals Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom

2013 ◽  
Vol 103 (4) ◽  
pp. 1507-1528 ◽  
Author(s):  
James Cloyne
Keyword(s):  
United States ◽  
United Kingdom ◽  
The United States ◽  
Policy Changes ◽  
Narrative Strategy ◽  
The United Kingdom ◽  
Macroeconomic Effects ◽  
The Uk ◽  
Tax Changes ◽  
Strategy I

This paper provides new estimates of the macroeconomic effects of tax changes using a new narrative dataset for the United Kingdom. Identification is achieved by isolating “exogenous” tax policy changes using the Romer and Romer narrative strategy. I find that a 1 percent cut in taxes increases GDP by 0.6 percent on impact and 2.5 percent over three years. The findings are remarkably similar to Romer and Romer narrative estimates for the United States, reinforcing the view that tax changes have powerful and persistent effects. “Exogenous” tax changes are also shown to have contributed to important episodes in the UK business cycle. (JEL E23, E32, E62, H20, H61)

A comparison of the United Kingdom Clinical Aptitude Test (UK-CAT) with a traditional admission selection process

2009 ◽  
pp. 1-6 ◽  
Author(s):  
Nishan Fernando ◽  
Gordon Prescott ◽  
Jennifer Cleland ◽  
Kathryn Greaves ◽  
Hamish McKenzie
Keyword(s):  
United Kingdom ◽  
Selection Process ◽  
Aptitude Test ◽  
The United Kingdom

Research on Schizophrenia: A View From the United Kingdom

1990 ◽  
Vol 35 (8) ◽  
pp. 800-801
Author(s):  
Michael F. Pogue-Geile
Keyword(s):  
United Kingdom ◽  
The United Kingdom

In the United Kingdom, Employed Women Have Problems, Too

1992 ◽  
Vol 37 (10) ◽  
pp. 1076-1077
Author(s):  
Barbara A. Gutek
Keyword(s):  
United Kingdom ◽  
The United Kingdom ◽  
Employed Women
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