Central Bank Independence and the Conduct of Monetary Policy in the United Kingdom
By:Hossein Samiei,Mr. Jan Kees Martijn
Published on 1999-12-01 by International Monetary Fund
The U.K. monetary policy framework, which combines inflation targeting with operational independence, provides a suitable arrangement for focused and credible monetary policy. However, potential weaknesses could result from features that have not yet been fully tested: the credibility and transparency of the inflation forecasts, which form the core of policy decisions, have diminished as a result of independence; and the framework could encourage excessive activism and frequent changes in interest rates. Although policy coordination could also suffer from independence, the new partly rules-based fiscal and monetary regimes will promote overall macroeconomic stability.
This Book was ranked at 7 by Google Books for keyword independence.
Book ID of Central Bank Independence and the Conduct of Monetary Policy in the United Kingdom's Books is Yb87YHOHL5MC, Book which was written byHossein Samiei,Mr. Jan Kees Martijnhave ETAG "mLDYdw0Rii4"
Book which was published by International Monetary Fund since 1999-12-01 have ISBNs, ISBN 13 Code is 9781451903652 and ISBN 10 Code is 1451903650
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