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5 1. Introduction 7 2. Abstract In the period between the floating of sterling in June 1972 and the Bank of England receiving operational independence in May 1997, UK monetary policy went through several regimes, including: the early 1970s, when monetary policy was subordinate to incomes policy as the primary weapon against inflation; £M3 targeting in the(More)
Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000-2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned enterprises is not affected by cash flow, while that of privately(More)
BACKGROUND There is indirect evidence that T cell responses can control the metastatic spread of colorectal cancer (CRC). However, an enrichment of CD4(+)Foxp3(+) regulatory T cells (Tregs) has also been documented. OBJECTIVE To evaluate whether CRC promotes Treg activity and how this influences anti-tumour immune responses and disease progression. (More)
easing is something aberrant. I adhere to that nomenclature here. I begin by sketching the conceptual basis for quantitative easing: why it might be appropriate and how it is supposed to work. I then turn to the Fed's entrance strategy—which is presumably in the past, and then to the Fed's exit strategy— which is still mostly in the future. Both strategies(More)
  • Robert N Mccauley, Patrick Mcguire, Vladyslav Sushko, Branimir Gruić, Mario Morelli, Jhuvesh Sobrun +8 others
  • 2015
BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The papers are on subjects of topical interest and are technical in character. The views expressed in them are those of their authors and not necessarily the(More)
The views expressed are those of the authors and do not necessarily reflect those of the Bank of England. We gratefully acknowledge comments on this paper received from Abstract 5 1. Introduction and overview 7 1.1 Why DSGE? 8 1.2 Why limited participation? 9 1.3 Excess liquidity, money overhangs and M-M* 12 1.4 Structure of the paper 13
BACKGROUND We examined the prevalence of acute kidney injury (AKI) risk factors in the emergency medical unit, generated a modified risk assessment tool and tested its ability to predict AKI. METHODS A total of 1196 patients admitted to medical admission units were assessed for patient-associated AKI risk factors. Subsequently, 898 patients were assessed(More)