EconPapers    
Economics at your fingertips  
 

Renewing our Monetary Vows: Open Letters to the Governor of the Bank of England

Jagjit S Chadha () and Richard Barwell

No 58, National Institute of Economic and Social Research (NIESR) Occasional Papers from National Institute of Economic and Social Research

Abstract: Over the past 20 years, considerable progress has been made in the science of monetary policy. This is under threat from a new era of economic populism. There is a clear danger that in the absence of an open and deep debate about the fundamental objectives of the central bank, the political system will try to offload its obligations onto the central bank balance sheet and seek to unwind genuine progress by arguing that we need a new direction from the problems of the past, or perhaps worse still, that those old objectives were the root cause of the problems we now face. To be clear, they were not. Monetary and financial stability does not cause economic strife, but its absence surely will. The National Institute of Economic and Social Research commissioned a number of expert UK-based economists to survey the monetary landscape. When doing so, we chose to move to the next generation and asked a set of younger monetary economists to outline their views. The views in this book are offered on a personal basis and do not necessarily represent those of any of the institutions for which they work or NIESR. But they are new voices to which we should listen.

Date: 2019-10
New Economics Papers: this item is included in nep-cba and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.niesr.ac.uk/sites/default/files/public ... ry%20Vows%20text.pdf

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:nsr:niesro:58

Access Statistics for this paper

More papers in National Institute of Economic and Social Research (NIESR) Occasional Papers from National Institute of Economic and Social Research 2 Dean Trench Street Smith Square London SW1P 3HE. Contact information at EDIRC.
Bibliographic data for series maintained by Library & Information Manager ().

 
Page updated 2020-02-23
Handle: RePEc:nsr:niesro:58