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|c 5.00 USD
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|z 9781451858402
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Samiei, Hossein.
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|a Central Bank Independence and the Conduct of Monetary Policy in the United Kingdom /
|c Hossein Samiei, Jan Martijn.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1999.
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| 300 |
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|a 1 online resource (22 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Martijn, Jan.
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|a IMF Working Papers; Working Paper ;
|v No. 1999/170
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1999/170/001.1999.issue-170-en.xml
|z IMF e-Library
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