Book contents
- Reflections on Monetary Policy after 25 Years of the MPC
- Macroeconomic Policy Making
- Reflections on Monetary Policy after 25 Years of the MPC
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- I Overview
- II Communication
- III Targets and Instruments
- 6 The MPC Remit at 25: Growing Pains?
- 7 Raising the Inflation Target
- 8 What Have We Learnt about Unconventional Monetary Policy Tools? Lessons from the Global Pandemic
- 9 Finding New Objectives, Seeking New Instruments
- 10 Government Debt Management and Monetary Policy Before and After the MPC
- IV MPC Process
- V Lessons for Central Bank Independence
- Annex: Details on the methodology for the classification of level of disagreement
- Index
- References
6 - The MPC Remit at 25: Growing Pains?
from III - Targets and Instruments
Published online by Cambridge University Press: 14 November 2024
By
Book contents
- Reflections on Monetary Policy after 25 Years of the MPC
- Macroeconomic Policy Making
- Reflections on Monetary Policy after 25 Years of the MPC
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- I Overview
- II Communication
- III Targets and Instruments
- 6 The MPC Remit at 25: Growing Pains?
- 7 Raising the Inflation Target
- 8 What Have We Learnt about Unconventional Monetary Policy Tools? Lessons from the Global Pandemic
- 9 Finding New Objectives, Seeking New Instruments
- 10 Government Debt Management and Monetary Policy Before and After the MPC
- IV MPC Process
- V Lessons for Central Bank Independence
- Annex: Details on the methodology for the classification of level of disagreement
- Index
- References
Summary
This chapter first provides a brief review of the first remit given to the MPC in 1997 and why it would come to play such a key role in defining the monetary policy framework in the early years of the MPC.There is also a discussion of why the same concept has worked less well in other contexts, drawing on the UK’s attempts to introduce a remit for the IMF and pointing out the absence of a financial stability remit to match that for monetary policy.
- Type
- Chapter
- Information
- Reflections on Monetary Policy after 25 Years of the MPC , pp. 79 - 88Publisher: Cambridge University PressPrint publication year: 2024
References
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