Financial stabilisation and interest rate modelling in the United Kingdom

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dc.check.date9999-01-01
dc.check.embargoformatNot applicableen
dc.check.infoIndefiniteen
dc.check.opt-outNoen
dc.check.reasonPublicationen
dc.check.typeNo Embargo Required
dc.contributor.advisorO'Sullivan, Niallen
dc.contributor.advisorKavanagh, Ellaen
dc.contributor.authorZhu, Sheng
dc.date.accessioned2018-01-22T11:56:45Z
dc.date.available2018-01-22T11:56:45Z
dc.date.issued2017
dc.date.submitted2017
dc.description.abstractThis 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.description.statusNot peer revieweden
dc.description.versionAccepted Version
dc.format.mimetypeapplication/pdfen
dc.identifier.citationZhu, S. 2017. Financial stabilisation and interest rate modelling in the United Kingdom. PhD Thesis, University College Cork.en
dc.identifier.endpage292en
dc.identifier.urihttps://hdl.handle.net/10468/5306
dc.language.isoenen
dc.publisherUniversity College Corken
dc.rights© 2017, Sheng Zhu.en
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/en
dc.subjectFinancial conditions indexen
dc.subjectMonetary policyen
dc.subjectInflation targeten
dc.thesis.opt-outfalse
dc.titleFinancial stabilisation and interest rate modelling in the United Kingdomen
dc.typeDoctoral thesisen
dc.type.qualificationlevelDoctoral Degree (Structured)en
dc.type.qualificationnamePhD (Commerce)en
ucc.workflow.supervisorniall.osullivan@ucc.ie
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