Central bank independence and the conduct of monetary policy in the United Kingdom /

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Bibliographic Details
Author / Creator:Martijn, Jan Kees.
Imprint:[Washington, D.C.] : International Monetary Fund, European I Department, ©1999.
Description:1 online resource (22 pages) : illustrations
Language:English
Series:IMF working paper ; WP/99/170
IMF working paper ; WP/99/170.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496334
Hidden Bibliographic Details
Other authors / contributors:Samiei, Hossein.
International Monetary Fund. European I Department.
ISBN:9781451903652
1451903650
Notes:Includes bibliographical references (pages 21-22).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:Annotation 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.
Other form:Print version: Martijn, Jan Kees. Central bank independence and the conduct of monetary policy in the United Kingdom. [Washington, D.C.] : International Monetary Fund, European I Department, ©1999
Standard no.:10.5089/9781451903652.001

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260 |a [Washington, D.C.] :  |b International Monetary Fund, European I Department,  |c ©1999. 
300 |a 1 online resource (22 pages) :  |b illustrations 
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490 1 |a IMF working paper ;  |v WP/99/170 
504 |a Includes bibliographical references (pages 21-22). 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
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520 8 |a Annotation  |b 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. 
650 0 |a Banks and banking, Central  |z Great Britain. 
650 0 |a Monetary policy  |z Great Britain. 
650 0 |a Inflation (Finance)  |z Great Britain. 
650 6 |a Banques centrales  |z Grande-Bretagne. 
650 6 |a Politique monétaire  |z Grande-Bretagne. 
650 6 |a Inflation  |z Grande-Bretagne. 
650 7 |a Banks and banking, Central.  |2 fast  |0 (OCoLC)fst00827036 
650 7 |a Inflation (Finance)  |2 fast  |0 (OCoLC)fst00972450 
650 7 |a Monetary policy.  |2 fast  |0 (OCoLC)fst01025230 
651 7 |a Great Britain.  |2 fast  |0 (OCoLC)fst01204623 
655 4 |a Electronic books. 
700 1 |a Samiei, Hossein. 
710 2 |a International Monetary Fund.  |b European I Department.  |0 http://id.loc.gov/authorities/names/no92021092 
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830 0 |a IMF working paper ;  |v WP/99/170.  |0 http://id.loc.gov/authorities/names/no89010263 
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