Improving Money Stock Control pp 97-123 | Cite as
Recent Developments in Monetary Control in The United Kingdom
Chapter
Abstract
The monetary authorities in the United Kingdom have, since mid-1976, made a practice of announcing in advance target ranges for the growth of the money stock. This paper discusses some of the issues that have arisen in the practice of money stock targeting, including the question of the central bank’s operational techniques. In particular, the recent changes in the Bank of England’s open market operations are described and explained.
Keywords
Interest Rate Money Market Monetary Aggregate Monetary Base Nominal Income
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References
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© Springer Science+Business Media New York 1983