Finding new objectives, seeking new instruments

David Cobham

This short paper use the perspective of the assignment problem to examine the evolution of the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of England over its first 25 years. It outlines how the Bank, and the MPC, came across additional possible objectives and searched for additional possible instruments. It then argues the need for some recasting of the role of the MPC and the way in which it operates.

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Year of publication:	January 2024
Authors:	Cobham, David P.
Publisher:	[Edinburgh] : Heriot-Watt University
Subject:	assignment problem \| monetary policy \| inflation targeting \| inflation \| economic growth \| Theorie \| Theory \| Geldpolitik \| Monetary policy \| Inflationssteuerung \| Inflation targeting \| Inflation \| Geldpolitisches Ziel \| Monetary target

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Extent:	1 Online-Ressource (circa 17 Seiten) Illustrationen
Series:	Accountancy, economics, and finance working papers : working paper. - [Edinburgh] : [Heriot-Watt University, Edinburgh Business School, Department of Accountancy, Economics and Finance], ZDB-ID 3177035-6. - Vol. 2024, 02
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/281088 [Handle]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; F33 - International Monetary Arrangements and Institutions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014471910