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Monetary Policy and Forward Guidance in the UK

David Miles

Manchester School, 2014, vol. 82, issue S1, 44-59

Abstract: This paper assesses the case for the use of more explicit forward guidance on monetary policy in the UK. Such a policy was introduced in the middle of 2013. The economic conditions at that time meant that the rule adopted by the Monetary Policy of the Bank of England helped avert some risks to the emerging recovery.

Date: 2014
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