Autumn 1976 to Summer 1977

Graham Hacche and Christopher Taylor

Chapter 2 in Inside the Bank of England, 2013, pp 65-89 from Palgrave Macmillan

Abstract: Abstract I have started writing this section of my account on 3rd January 1977, an extra New Year bank holiday this year. It takes up from where I left off in the early autumn and covers the run-up to the negotiations with the IMF, which started at the beginning of November and were completed just in time for Christmas. All that has happened since the summer has in a sense been no more than playing out events which had already been set in train. But there were several features which I find notable. The way in which events were handled gives me the feeling of a government re-establishing some control over the direction in which it was being carried.

Keywords: Exchange Rate; Monetary Policy; Money Supply; Wage Earning; Monetary Aggregate (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-1-137-03231-7_3

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DOI: 10.1057/9781137032317_3

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