UK intra-industry trade with the EU north and south

Article Abstract:

Research was conducted to examine the traditional country and industry hypotheses of intra-industry trade (IIT) in vertically and horizontally differentiated products in the context of the bilateral trade between the UK and EU countries. Results indicate that the robustness of the results of previous multi-country studies are open to challenge, that the separation of IIT into vertical and horizontal IIT presents an important innovation and that further development in quality differentiated goods is necessary.

Intnl Economic Policy, United Kingdom, International economic relations, International trade, Product differentiation, Input-output analysis

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Are the output effects of monetary policy asymmetric? Evidence from a sample of European countries

Article Abstract:

A study was conducted to determine whether monetary policy effects on output are asymmetric. Money supply shocks for the period 1953-1990 were identified and their output impacts on 18 European countries were examined. Data strongly supported asymmetry and were linked to two policy implications: positive monetary shocks could be inadequate for policy formulation during recessions and optimal monetary policy under asymmetry is less likely to be activist.

Analysis, Europe, Economic aspects

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Are the output effects of monetary policy asymmetric? Evidence from a sample of European countries

Article Abstract:

Studies have revealed that certain economic asymmetries govern the effects of money-supply shocks on consumption and investment, and that monetary expansions may be less effective as anti-recession policies than generally thought to be. Annual data from the 1953-90 period have been used to identify money-supply shocks and their effects on output for a panel of 18 European countries. Asymmetries were found to characterize the effects of interest rates.

Currency Stabilization Programs, Money supply, Currency stabilization

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