Ryland Thomas
Datos Biográficos
| ID | 3715141 |
|---|---|
| NOMBRE | Ryland Thomas |
| NOMBRES | Ryland |
| APELLIDO | Thomas |
| FIRMA | THOMAS R |
| AFILIACIONES | Bank of England |
| VERIFICADO | No |
| TOTAL DE OBRAS | 4 |
| TOTAL DE CITAS | 4 |
| TOTAL COMO AUTOR | 4 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 2002 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2023 |
| ÍNDICE H | 2 |
Dating the Lender of Last Resort
We exploit a fixed rule constraining central bank credit provision in a regression discontinuity framework to analyse counterparties’ behavioural responses to the (non-)receipt of liquidity during a crisis. In spring 1847, the Bank of England suddenly started rationing credit to avoid violating its gold reserve requirement. We show that counterparties that suffered rejection from the Bank were more likely to fail. Conditional on survival, ratione…
Dating business cycles in the United Kingdom, 1700-2010
This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on a quarterly basis to 2010. The new chronology points to several observations about the business cycle. First, the cycle has significantly increased in duration and amplitude over time. Second, contractions have become less frequent but are as persistent and costly as at other times in history. Third, the typical recessi…
Updated estimates of UK GDP from the income side, 1841-1920
This article brings together some of the improvements to GDP estimates from the income side since the publication of Charles Feinstein's 1972 volume National income, expenditure and output of the United Kingdom, 1855-1965. Many of the improvements and refinements were made by Feinstein himself and this paper makes a start in bringing the different elements together, focusing chiefly on reconstructing the income-based estimates for the period 1841…
Money, Debt and Prices in the United Kingdom, 1705–1996
This paper constructs a consistent series for the market value of UK government debt over almost 300 years, analysing how monetary and fiscal policy affect the path of the UK price level. Specifically, it examines the interactions between debts, deficits, the monetary base and the price level. Overall, the price level has been closely related to the evolution of the base money supply. Across different sample periods, there is little econometric e…
Dating the Lender of Last Resort
We exploit a fixed rule constraining central bank credit provision in a regression discontinuity framework to analyse counterparties’ behavioural responses to the (non-)receipt of liquidity during a crisis. In spring 1847, the Bank of England suddenly started rationing credit to avoid violating its gold reserve requirement. We show that counterparties that suffered rejection from the Bank were more likely to fail. Conditional on survival, ratione…
Dating business cycles in the United Kingdom, 1700-2010
This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on a quarterly basis to 2010. The new chronology points to several observations about the business cycle. First, the cycle has significantly increased in duration and amplitude over time. Second, contractions have become less frequent but are as persistent and costly as at other times in history. Third, the typical recessi…
Money, Debt and Prices in the United Kingdom, 1705–1996
This paper constructs a consistent series for the market value of UK government debt over almost 300 years, analysing how monetary and fiscal policy affect the path of the UK price level. Specifically, it examines the interactions between debts, deficits, the monetary base and the price level. Overall, the price level has been closely related to the evolution of the base money supply. Across different sample periods, there is little econometric e…
Dating the Lender of Last Resort
We exploit a fixed rule constraining central bank credit provision in a regression discontinuity framework to analyse counterparties’ behavioural responses to the (non-)receipt of liquidity during a crisis. In spring 1847, the Bank of England suddenly started rationing credit to avoid violating its gold reserve requirement. We show that counterparties that suffered rejection from the Bank were more likely to fail. Conditional on survival, ratione…
Dating business cycles in the United Kingdom, 1700-2010
This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on a quarterly basis to 2010. The new chronology points to several observations about the business cycle. First, the cycle has significantly increased in duration and amplitude over time. Second, contractions have become less frequent but are as persistent and costly as at other times in history. Third, the typical recessi…
Updated estimates of UK GDP from the income side, 1841-1920
This article brings together some of the improvements to GDP estimates from the income side since the publication of Charles Feinstein's 1972 volume National income, expenditure and output of the United Kingdom, 1855-1965. Many of the improvements and refinements were made by Feinstein himself and this paper makes a start in bringing the different elements together, focusing chiefly on reconstructing the income-based estimates for the period 1841…
Economics (4 obras) · Monetary Policy and Economic Impact (4 obras) · Economic, financial, and policy analysis (3 obras) · Macroeconomics (3 obras) · Monetary economics (3 obras) · Monetary policy (2 obras) · Accounting (1 obras) · Accounting (1 obras) · Archaeology (1 obras) · Art (1 obras)