The Bank of England after the Great Depression

.

Chapter 5 in A Comparative History of Central Bank Behavior, 2022, pp 103-133 from Edward Elgar Publishing

Abstract: Monetary policies throughout the World since World War II have been the outcomes of competing preferences for full employment and stable prices (and therefore exchange rates), with the former possessing greater political weight. The U.K. pressured the Bank of England to preserve the value of sterling by restricting credit to the private sector until belief in a trade-off between employment and price stability gave way to bitter experience, and low-inflation targets became the monetary policy of the day, until, as in the U.S., government budget deficits called for increased monetization.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781803926605.00010.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21729_5

Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).