Financial stabilisation and interest rate modelling in the United Kingdom

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dc.contributor.advisor O'Sullivan, Niall en
dc.contributor.advisor Kavanagh, Ella en
dc.contributor.author Zhu, Sheng
dc.date.accessioned 2018-01-22T11:56:45Z
dc.date.available 2018-01-22T11:56:45Z
dc.date.issued 2017
dc.date.submitted 2017
dc.identifier.citation Zhu, S. 2017. Financial stabilisation and interest rate modelling in the United Kingdom. PhD Thesis, University College Cork. en
dc.identifier.endpage 292 en
dc.identifier.uri http://hdl.handle.net/10468/5306
dc.description.abstract This study models and explains the movement of the short-term interest rate in the United Kingdom (UK) using statistical models building on economic theories. It investigates three main areas and makes a number of contributions to the existing monetary policy literature in the UK. First, it investigates alternative methods to construct financial conditions indices (FCIs) and creates an optimal FCI for the UK. The estimated optimal FCI is the one that best predicts economic activity in the UK. Second, this is the first study in the literature to test the existence of a short-term inflation target for an inflation-targeting central bank like the Bank of England (BOE). Third, this study investigates the most appropriate methodology for modelling the short-term interest rate in the UK using new data and a new estimator. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher University College Cork en
dc.rights © 2017, Sheng Zhu. en
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/ en
dc.subject Financial conditions index en
dc.subject Monetary policy en
dc.subject Inflation target en
dc.title Financial stabilisation and interest rate modelling in the United Kingdom en
dc.type Doctoral thesis en
dc.type.qualificationlevel Doctoral Degree (Structured) en
dc.type.qualificationname PhD (Commerce) en
dc.internal.availability Full text available en
dc.check.info Indefinite en
dc.check.date 9999-01-01
dc.description.version Accepted Version
dc.description.status Not peer reviewed en
dc.internal.school Economics en
dc.check.type No Embargo Required
dc.check.reason Publication en
dc.check.opt-out No en
dc.thesis.opt-out false
dc.check.embargoformat Not applicable en
ucc.workflow.supervisor niall.osullivan@ucc.ie
dc.internal.conferring Autumn 2015 en


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© 2017, Sheng Zhu. Except where otherwise noted, this item's license is described as © 2017, Sheng Zhu.
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