The 1998 Bank of England Act made the Bank independent to set interest rates in pursuit of its objective as defined in the same Act: to deliver price stability. Ten years on, Hans-Helmut Kotz of the Deutsche Bundesbank presents a personal view of developments at the Bank of England over the past decade.
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paper originally written – in a purely personal capacity – for the Royal Economic Society's “Newsletter”, July 2007. The author would like to thank Ben Friedman (Harvard) and Peter Howells (Bristol) for very helpful comments.
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Kotz, HH. Bank of England: a View from Frankfurt. Intereconomics 42, 317–321 (2007). https://doi.org/10.1007/s10272-007-0234-7
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DOI: https://doi.org/10.1007/s10272-007-0234-7