Select Committee on the Monetary Policy Committee of the Bank of England

Select Committee on the Monetary Policy Committee of the Bank of England PDF Author: Great Britain. Parliament. House of Lords. Select Committee on the Monetary Policy Committee of the Bank of England
Publisher:
ISBN: 9780104336991
Category : Finance
Languages : en
Pages : 69

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Bank of England Monetary Policy Committee

Bank of England Monetary Policy Committee PDF Author: Great Britain. Parliament. House of Commons. Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215029089
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
The Treasury Committee has established a practice of holding hearings with persons appointed to the Monetary Policy Committee (MPC) of the Bank of England and reporting on those hearings. This practice enhances the transparency of the appointment process and increases the level of information available to the public and to Parliament about the functioning of the MPC. The Committee has held a hearing with Professor David Blanchflower about his appointment to the MPC, and is satisfied that Professor Blanchflower meets the criteria for appointment.

Select Committee on the Monetary Policy Committee of the Bank of England

Select Committee on the Monetary Policy Committee of the Bank of England PDF Author: Great Britain. Parliament. House of Lords. Select Committee on the Monetary Policy Committee of the Bank of England
Publisher:
ISBN: 9780104336991
Category : Finance
Languages : en
Pages : 69

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Book Description


The Monetary Policy Committee of the Bank of England

The Monetary Policy Committee of the Bank of England PDF Author: Great Britain. Parliament. House of Commons. Treasury Committee
Publisher:
ISBN: 9780215030771
Category : Monetary policy
Languages : en
Pages : 10

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Book Description
This report continues the practice of holding hearings with persons appointed to the Monetary Policy Committee (MPC) of the Bank of England, in order to enhance the transparency of the appointment process and increase the level of information available to the public and to Parliament about the functioning of the MPC itself. This report considers the appointment of Professor Tim Besley and Dr Andrew Sentance.

Elements of Optimal Monetary Policy Committee Design

Elements of Optimal Monetary Policy Committee Design PDF Author: Jérôme Vandenbussche
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 44

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Book Description
The move from individual decision making to committee decision making is widely seen as a major evolution in contemporary central banking. This paper reviews the relevant economics and social psychology literatures with a view to providing some insights into the question of optimal monetary policy committee design. While the preference aggregation literature points to the effect of committee structure on the extent of the time inconsistency problem and its associated costs, the belief aggregation literature analyzes how different committee structures affect the efficiency of information pooling, the process of social influence, and collective accuracy. In conclusion, we highlight the main tradeoffs that the analysis has brought to light and point to directions for future research.

Select Committee on the Monetary Policy Committee of the Bank of England

Select Committee on the Monetary Policy Committee of the Bank of England PDF Author: Great Britain. Parliament House of Lords
Publisher:
ISBN: 9780104422014
Category :
Languages : en
Pages : 41

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Book Description
This is the second House of Lords report on the working of the Monetary Policy Committee. The first part looks at the objective given to the MPC, whether the 2.5% inflation target is right and the co-ordination between monetary and fiscal policy. The second part looks at the transparency of the MPC and the information they publish to support their decisions. The third part examines the technical issues on the implementation of policy, such as why inflation is mostly below target, whether the index used is the appropriate measure of inflation, the record of forecasting and the success of the MPC. The fourth part is concerned with the membership of the MPC and the way it is appointed.

Monetary Policy Committee Minutes and Press Notices

Monetary Policy Committee Minutes and Press Notices PDF Author: Bank of England. Monetary Policy Committee
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages :

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Monetary Policy Committee of the Bank of England

Monetary Policy Committee of the Bank of England PDF Author: Great Britain. Parliament House of Lords. Select Committee on Economic Affairs
Publisher:
ISBN: 9780104005026
Category :
Languages : en
Pages : 33

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Book Description
The Economic Affairs Committee was appointed in 2001, with a wide remit to consider all matters of economic affairs. It follows on from the MPC Committee (House of Lords Select Committee on the Monetary Policy Committee of the Bank of England) and will continue its work. To this end this report contains evidence from the Governor of the Bank of England and the response of the Government and the MPC to the last report by the MPC Committee.

Review of the Monetary Policy Framework

Review of the Monetary Policy Framework PDF Author: Great Britain: H.M. Treasury
Publisher: The Stationery Office
ISBN: 9780101858823
Category : Business & Economics
Languages : en
Pages : 66

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Book Description
This paper reviews the performance of the UK's flexible inflation targeting framework against the internationally-accepted monetary policy objective of price stability, a pre-requisite to longer-term growth and macroeconomic stability. Chapters cover the historical and international context, monetary policy frameworks and monetary policy instruments. The paper gives the Monetary Policy Committee's revised remit at Budget 2013. The Government has retained a flexible inflation target framework. The inflation target of 2 per cent, as measured by the 12-month increase in the Consumer Prices Index, is re-affirmed. The remit has been updated to clarify the trade-offs that are involved in setting monetary policy to meet a forward-looking inflation target, and in forming and communicating its judgements the MPC should promote understanding of these trade-offs. The remit continues to require an exchange of open letters between the Governor of the Bank of England and the Chancellor of the Exchequer if inflation moves away from the target by more than 1 percentage point in either direction. The open letter from the Governor should now be sent alongside the minutes of the MPC meeting that followed the publication of the CPI data. The remit requests that the MPC provides in its August 2013 inflation report an assessment of the merits of using intermediate thresholds - policy commitments conditional on future economic developments. The remit also reflects the Government's intention that the frameworks for monetary policy and macro-prudential policy, operated by the MPC and FPC of the Bank of England respectively, should be coordinated.

The Monetary Policy Committee of the Bank of England

The Monetary Policy Committee of the Bank of England PDF Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215036070
Category : Political Science
Languages : en
Pages : 24

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Book Description
Vol. 1 was published as HCP 569-I, session 2006-07 (ISBN 9780215034885)

Transparency and the Bank of England's Monetary Policy Committee

Transparency and the Bank of England's Monetary Policy Committee PDF Author: Kevin Warsh
Publisher:
ISBN:
Category :
Languages : en
Pages : 60

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