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Author: Kevin Warsh
Publisher:
ISBN:
Category :
Languages : en
Pages : 60
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Author: Kevin Warsh
Publisher:
ISBN:
Category :
Languages : en
Pages : 60
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Book Description
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.
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.
Author: Mr.Charles Enoch
Publisher: International Monetary Fund
ISBN: 1451930119
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
To mitigate the risks of contagion from problems arising in the banking sector, many countries operate some form of banking sector safety net. Such safety nets generally involve a judicious mixture of transparency and ambiguity. This ambiguity may be important to counter moral hazard effects but may lead to excessive forbearance in the face of banking problems. While the scope for ambiguity has been declining, some ambiguity in the handling of individual institutions remains. In any case, ex post transparency is essential for reviewing the propriety of any assistance and preserving the authorities’ future reputation and policy credibility.
Author: Petra M. Geraats
Publisher: Centre for Economic Policy Research
ISBN:
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
The latest Monitoring the European Central Bank Report argues that the ECB has a serious credibility and communication problem: the way the Governing Council makes its interest rate decisions remains clouded. The Report calls for a set of straightforward reforms to the ECB's procedures and governance that would lead to greater transparency and significantly improve the effectiveness of monetary policy in the euro area.
Author: Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs
Publisher:
ISBN: 9780104009758
Category : Great Britain
Languages : en
Pages : 43
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Book Description
The Committee's report examines the work of the Monetary Policy Committee (MPC) of the Bank of England and the main features of monetary policy for the twelve month period since November 2005. Findings include that the Bank has continued to conduct monetary policy with considerable success and has steered the economy through a difficult period and the prospects for inflation appear to be good. Given the uncertainties surrounding the arguments for or against increases in interest rates, and the importance that the Governor has previously placed on anchoring inflation expectations, it appears that the November increase in interest rates was largely a precautionary measure. Recommendations made include: that the Bank undertake further research on the links between the interest rate and inflation via asset prices, a critical aspect of monetary policy under inflation targeting; and the Chancellor should consider modifying the appointment process of external members of the MPC to increase transparency and to ensure that appointees have relevant expertise in macro and monetary economics.
Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215036162
Category : Political Science
Languages : en
Pages : 162
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Book Description
Monetary Policy Committee of the Bank of England : Ten years on, twelfth report of session 2006-07, Vol. 1: Report, together with formal minutes, oral and written Evidence
Author: Arnab Bhattacharjee
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The transparency of the monetary policymaking process at the Bank of England has provided very detailed data on both the votes of individual members of the Monetary Policy Committee and the information on which they are based. In this paper we consider interval censored responses of individual committee members in the context of a model in which inflation forecast targeting is used but there is both heterogeneity and interaction among the members of the committee. We find substantial heterogeneity in the policy reaction function across members. Further, we identify significant interactions between individual decisions of the committee members. The nature of these interdependencies inform about information sharing and strategic interactions within the Bank of England's Monetary Policy Committee.
Author: Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs
Publisher: The Stationery Office
ISBN: 9780104005491
Category : Fiscal policy
Languages : en
Pages : 44
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Author: Delia Sih Chien Macaluso
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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