United Kingdom: Selected Issues

International Monetary Fund

No 1999/044, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the operational independence and the conduct of monetary policy in the United Kingdom. The paper describes the inflation targeting framework and the analytics of the decision-making process. It suggests that inflation targeting, although not entirely new in terms of the basic idea, is a rather significant step toward establishing a workable and well-defined framework for monetary policy. The paper also describes structure, mandate, and policy issues associated with the financial services authority.

Keywords: ISCR; CR; U.K. government; U.K. business cycle; exchange rate; U.K. economy; inflation target; U.K. cycle; GDP growth; Inflation targeting; Inflation; Financial stability assessment; Central bank autonomy; North America; Global; Europe (search for similar items in EconPapers)
Pages: 92
Date: 1999-05-14
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Citations: View citations in EconPapers (3)

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