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  • Nicholas Oulton, Sushil Wadhwani, +4 authors Malte Janzarik
  • 2001
The views expressed are those of the authors and do not necessarily reflect those of the Bank of England. I am grateful to Sushil Wadhwani for much encouragement and numerous helpful discussions and insightful comments. I have also benefited from the comments of Paul Stoneman and an anonymous referee, of colleagues in the Bank of England, particularly and(More)
for comments on previous versions of this paper, and to Kosuke Aoki, Luca Benati and Jan Vlieghe in particular for help with the estimation and simulation work. We thank Anna-Maria Agresti, Benoit Mojon, Gert Peersman and Frank Smets for letting us use their results. Thanks are also due to Ed Dew and Richard Geare for research assistance. The views(More)
Evidence that cash flow has a significant effect on company investment spending, after controlling for Tobin's average Q, has often been interpreted as suggesting the importance of financing constraints. Recent work on measurement error in the Q model casts doubt on this interpretation. It is possible that the Q model may not be identified if there are(More)
OBJECTIVE This study investigated the efficacy and safety of insulin degludec (IDeg) once daily (OD), varying injection timing day to day in subjects with type 1 diabetes. RESEARCH DESIGN AND METHODS This 26-week, open-label, treat-to-target, noninferiority trial compared IDeg forced flexible (Forced-Flex) OD (given in a fixed schedule with a minimum 8(More)
This randomised (1:1), multinational, open-labelled, parallel group trial compared insulin detemir (IDet) with neutral protamine Hagedorn (NPH) insulin, in combination with mealtime insulin aspart, over 1 yr in subjects aged 2-16 yr with type 1 diabetes mellitus. Of 348 randomised subjects, 82 (23.6%) were 2-5 yr (IDet: 42, NPH: 40). This article is a(More)
The views expressed are those of the authors and do not necessarily reflect those of the Bank of England. The authors would like to thank Mervyn King especially for providing the motivation for this paper. We are indebted to the help and assistance of the London School of Economics, and in particular Richard Jackman, in making the experiment possible.(More)
The views are those of the authors and not necessarily those of the Bank of England. We would like to thank Srinivasan and an anonymous referee for their helpful comments and suggestions. Thanks also to John Frain of the Central Bank of Ireland for kindly providing us with the RATS code to run our interpolation procedures. The Bank of England's working(More)
This paper adapts the dynamic general equilibrium model of Greenwood et al (1997, 2000) to decompose labour productivity growth along the balanced growth path for the UK economy into investment-specific technological progress and sector neutral technological progress. We find that investment-specific technological progress in information and communication(More)