Accordingly, our paper aims to build a model for the UK to analyze its conventional and unconventional monetary policies. We choose the UK as our object of study since it is a typical medium-sized open economy subject to a lot of exogenous shocks from other parts of the world. Moreover, ...
Friction occurs as moving bodies, or moving and stationary bodies, rub against and stroke each other, creating sticky and unexpected encounters [15,17]. Cresswell [17], who relates friction to the politics of mobility, argues that friction can be a result of the arrangement of power. On the...