Bank of England’s monetary policy committee – assessing the importance and the implication upon monetary policy

Florin Cornel Dumiter () and Horatiu Florin Soim ()
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Horatiu Florin Soim: ”VASILE GOLDIS” WESTERN UNIVERSITY OF ARAD

Anale. Seria Stiinte Economice. Timisoara, 2012, vol. XVIII, 61-67

Abstract: The monetary policy strategies arround the world have been envolving in the last two decades considerable. In the past, central banks’ have been associated with a „veil of mistery” having at their grounds the so-called policy mistique. Nowadays, the new monetary policy strategy – inflation targeting – promoted by many countries established new coordinates for monetary policy. In this paper we focuse upon the monetary policy committee with a special focus upon the Bank of England’s case, because of the special track of this committee in several fields: interest rates expectations, other asset prices, the communication of the central bankers, publishing the minutes of the committees.

Keywords: monetary policy strategy; central bank transparency; voting process; communication strategy; voting orientation (search for similar items in EconPapers)
JEL-codes: D72 D78 E52 E58 E61 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:tdt:annals:v:xviii:y:2012:p:61-67

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