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Reflections on Monetary Policy after 25 Years of the MPC. 金融政策委員会設置から25年後の金融政策の考察
・ISBN 978-1-009-47187-9 hard GB£ 100.00
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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-1-009-47188-6
| 著者・編者 | Holly, Sean / McMahon, Michael / Millard, S. et al. (eds.), |
|---|---|
| シリーズ | Macroeconomic Policy Making |
| 出版社 | (Cambridge U. Pr., UK) |
| 出版年月 | 2024.10 |
| ページ数 | 208 pp. |
| 言語 | ENG |
| ニュース番号 | <722-217> |
解説
The Bank of England was given operational independence by the UK Parliament in 1997. The key feature of this independence is that the Bank's Monetary Policy Committee has sole responsibility for setting interest rates to achieve the Government's inflation target. Featuring contributions from leading academics and practitioners, Reflections on Monetary Policy after twenty-five years of the MPC assesses and reflects on this independence, particularly in relation to the activities of the Monetary Policy Committee. The book is organised around four main themes: the remit given to the Bank of England in 1997, the decision-making process by which the Bank determines monetary policy, the use of unconventional policy after the financial crisis of 2007-11, and the scale and scope of the communication that the Bank uses to inform the public. It argues that the economy works best when agents understand why the central bank behaves in a particular way.