Inflation Targeting: The UK Experience
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| 100 | 1 | |a Bean |D Charles | |
| 245 | 1 | 0 | |a Inflation Targeting: The UK Experience |h [Elektronische Daten] |c [Charles Bean] |
| 520 | 3 | |a I first review the background to the adoption of an inflation target in 1992 and the subsequent development of the regime, in particular the delegation of operational responsibility for monetary policy to the Bank of England in 1997 and the associated institutional framework. I then go on to explain some aspects of the way the MPC formulates and conducts policy at the Bank, relating it to some of the burgeoning literature on inflation targeting. I next review some aspects of performance since the Bank's independence. I conclude with a discussion of the topical question of how monetary policy should respond to asset price booms and high rates of debt accumulation. | |
| 540 | |a © 2014 by Walter de Gruyter GmbH & Co. | ||
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