Reflections on Monetary Policy after 25 Years of the MPC

Herausgeber: Holly, Sean; Millard, Stephen; Mcmahon, Michael

• Gebundenes Buch

Produktbeschreibung

Central Bank independence has become a key part of how the world economy operates. We examine the independence of the Bank of England since 1997 and how independence has worked in practice to control inflation and stimulate economic growth.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 208
• Erscheinungstermin: 21. Oktober 2024
• Englisch
• Abmessung: 235mm x 157mm x 16mm
• Gewicht: 459g
• ISBN-13: 9781009471879
• ISBN-10: 1009471872
• Artikelnr.: 70889962

Inhaltsangabe

1. Introduction Sean Holly, Michael McMahon, Stephen Millard and Anna
Watson; 2. 25 years of bank of england independence: an international
perspective Petra Geraats; Communication: 3. Reliable partners Ben
Broadbent; 4. MPC monetary communication: children of the revolution(s)
Delia Sih Chien Macaluso and Michael McMahon; 5. Central bank
communication: never excuse, never explain Stephen Millard; Targets and
Instruments: 6. The MPC remit at 25 - growing pains? Jens Larsen; 7.
Raising the inflation target Tony Yates; 8. What have we learnt about
unconventional monetary policy tools? Lessons from the global pandemic
Charlotta Groth; 9. Finding new objectives, seeking new instruments David
Cobham; Government debt management and monetary policy before and after the
MPC William A. Allen; MPC Process: 10. An analysis of central bank
decision-making Maria Demertzis, Catarina Martins and Nicola Viegi; 11. The
decision-making process: nine members, one vote Richard Barwell; Lessons
for Central Bank Independence: 12. The MPC: then and now Mervyn King; 13.
Outlines of a reform programme for the UK's monetary regime Paul Tucker;
Index.