Download or read book Select Committee on the Monetary Policy Committee of the Bank of England written by Great Britain. Parliament. House of Lords. Select Committee on the Monetary Policy Committee of the Bank of England and published by . This book was released on 1999 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Select Committee on the Monetary Policy Committee of the Bank of England written by Great Britain. Parliament House of Lords and published by . This book was released on 2001 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second House of Lords report on the working of the Monetary Policy Committee. The first part looks at the objective given to the MPC, whether the 2.5% inflation target is right and the co-ordination between monetary and fiscal policy. The second part looks at the transparency of the MPC and the information they publish to support their decisions. The third part examines the technical issues on the implementation of policy, such as why inflation is mostly below target, whether the index used is the appropriate measure of inflation, the record of forecasting and the success of the MPC. The fourth part is concerned with the membership of the MPC and the way it is appointed.
Download or read book Monetary Policy Committee of the Bank of England written by Great Britain. Parliament House of Lords. Select Committee on Economic Affairs and published by . This book was released on 2001 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic Affairs Committee was appointed in 2001, with a wide remit to consider all matters of economic affairs. It follows on from the MPC Committee (House of Lords Select Committee on the Monetary Policy Committee of the Bank of England) and will continue its work. To this end this report contains evidence from the Governor of the Bank of England and the response of the Government and the MPC to the last report by the MPC Committee.
Download or read book The Current State of Monetary Policy written by Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs and published by . This book was released on 2006-12-18 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Committee's report examines the work of the Monetary Policy Committee (MPC) of the Bank of England and the main features of monetary policy for the twelve month period since November 2005. Findings include that the Bank has continued to conduct monetary policy with considerable success and has steered the economy through a difficult period and the prospects for inflation appear to be good. Given the uncertainties surrounding the arguments for or against increases in interest rates, and the importance that the Governor has previously placed on anchoring inflation expectations, it appears that the November increase in interest rates was largely a precautionary measure. Recommendations made include: that the Bank undertake further research on the links between the interest rate and inflation via asset prices, a critical aspect of monetary policy under inflation targeting; and the Chancellor should consider modifying the appointment process of external members of the MPC to increase transparency and to ensure that appointees have relevant expertise in macro and monetary economics.
Download or read book The Monetary Policy Committee of the Bank of England written by Great Britain: Parliament: House of Commons: Treasury Committee and published by The Stationery Office. This book was released on 2007-08-22 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vol. 1 was published as HCP 569-I, session 2006-07 (ISBN 9780215034885)
Download or read book The Monetary Policy Committee of the Bank of England written by Great Britain: Parliament: House of Commons: Treasury Committee and published by The Stationery Office. This book was released on 2005-10-19 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report continues the practice of holding hearings with persons appointed to the Monetary Policy Committee (MPC) of the Bank of England. The Committee feels that such hearings provide a transparency of the appointment process and increases the level of information available to the public and to Parliament about the functioning of the MPC itself.
Download or read book Monetary Policy Committee of the Bank of England written by Great Britain. Parliament. House of Commons. Treasury Committee and published by . This book was released on 1998 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy Committee of the Bank of England written by Great Britain. Parliament House of Commons. Treasury Committee and published by . This book was released on 2001-05-25 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy Committee of the Bank of England written by Great Britain. Parliament House of Commons. Treasury Committee and published by . This book was released on 2000 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mpc and Recent Developments in Monetary Policy written by Great Britain. Parliament House of Lords. Select Committee on Economic Affairs and published by . This book was released on 2003 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Monetary Policy Committee (MPC) of the Bank of England was established in 1998, with a remit to maintain price stability and, subject to this objective, to support government economic policy, including growth and employment targets. The Committee's report finds that the MPC's work has been satisfactory so far, but states its intention to re-examine the MPC's remit to include broader concerns than inflation alone. It restates its recommendation that the members of the MPC should be recruited and appointed in a manner consistent with Nolan principles. It expresses hope that the optimism expressed by a number of witnesses that problems in the current fiscal position are cyclical and intervention is not necessary are justified. Evidence of substantial imbalances in the economy are noted, concerning the imbalance between consumer spending and investment; rising house prices; and the trade balance and current account deficit, although some of these may also be cyclical. The report also notes that the Chancellor of the Exchequer was unable to find time to give evidence before the Committee on the current state of the economy and economic policy, and calls upon the Government to support the need for Ministers to appear before Lords Select Committees, when requested to do so.
Download or read book Monetary Policy written by Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2005-12-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the Committee's fourth report on the work of the Monetary Policy Committee (MPC) of the Bank of England. It examines the conduct of monetary policy and interest rate decisions of the MPC for the 12 month period since November 2004, including the current state of inflation and the implications for monetary policy.
Download or read book The Economic Constitution written by Tony Prosser and published by Oxford University Press, USA. This book was released on 2014 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title examines the constitutional framework for management of the economy in the UK, including the effects of the 2008 financial crisis. It assesses the extent to which legal principles limit the policy choices available to government and the extent to which they permit a coherent approach to economic management across government.
Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Download or read book Monetary and Fiscal Policy written by Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2004 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Making of Monetary Policy in the UK 1975 2000 written by David Cobham and published by John Wiley & Sons. This book was released on 2003-02-14 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the quarter of a century with which this book is concerned, the UK has had an extraordinarily diverse experience of monetary policy and monetary regimes. Monetary policy has been transformed, from attempts to control broad money from the supply side with the use of indirect controls on banks' lending, to an almost exclusive focus on interest rates in a context of inflation targeting. The exchange rate has at times been fixed, at other times almost perfectly flexible, and at other times again more or less managed. Meanwhile the real economy has experienced large variations in growth, together with what most observers have seen as a sharp rise and then a gradual decline in the NAIRU; inflation has varied between 25% and 2%. This is a book about the making of monetary policy in the UK, about how and why the monetary regimes changed over the period, and how and why the monetary authorities took the decisions they did about monetary growth, interest rates and the exchange rate. It includes separate chapters on monetary targeting, on policy in the second half of the 1980s, on the UK's brief membership of the ERM, on inflation targeting between 1993 and 1997, and on inflation targeting with instrument independence since 1997. It also contains a detailed analysis of the factors that influenced interest rate decisions and monetary policy with particular reference to the exchange rate, and an investigation of the nature and reasons for interest rate smoothing in the UK. "David Cobham has written an excellent history of British monetary policy over the final quarter of the 20th Century. His judgement of the political and economic context is sound and sensible. It is well written with clear and helpful tables and charts. Besides the careful historical reporting, Cobham adds some valuable extra research of his own, notably on the interaction between monetary policy and the exchange rate (Chapter 9) and on the reasons for interest rate 'smoothing' (Chapter 10)." Charles Goodhart, Norman Sosnow Professor of Banking and Finance at the London School of Economics "...an essential guide covering everything the reader could ever want to know about the UK's turbulent monetary history over the last quarter century" Charles Bean, Chief Economist, Bank of England
Download or read book Dramas at Westminster written by Marc Geddes and published by Manchester University Press. This book was released on 2019-12-06 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on unprecedented access to the UK Parliament, this book challenges how we understand and think about accountability between government and Parliament. Drawing on three months of research in Westminster, and over forty-five interviews, this book focuses on the everyday practices of Members of Parliament and officials to reveal how parliamentarians perform their scrutiny roles. Some MPs become specialists while others act as lone wolves; some are there to try to defend their party while others want to learn about policy. Amongst these different styles, chairs of committees have to try to reconcile these interpretations and either act as committee-orientated catalysts or attempt to impose order as leadership-orientated chieftains. All of this pushes and pulls scrutiny in competing directions, and tells us that accountability depends on individual beliefs, everyday practices and the negotiation of dilemmas. In this way, MPs and officials create a drama or spectacle of accountability and use their performance on the parliamentary stage to hold government to account. Dramas at Westminster: Select committees and the quest for accountability offers the most up-to-date and detailed research on committee practices in the House of Commons, following a range of reforms since 2010.
Download or read book The Changing Constitution written by Jeffrey L. Jowell and published by Oxford University Press, USA. This book was released on 2015 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Changing Constitution provides concise, scholarly and thought-provoking essays on the key issues surrounding the UK's constitutional development, and the current debates around reform.
