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A Critique of Monetary Policy – Theory and British Experience - Oxford Scholarship Online
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A Critique of Monetary Policy: Theory and British Experience

J. C. R. Dow and I. D. Saville


This book has been written to work on two levels. On the one hand, it provides a theory of monetary policy, focusing on the role of the central bank in determining and effecting policy. It also examines the relationship of the central banks to the public and private sectors. Both authors have extensive experience working in the Bank of England, and so are attempting to transfer this experience to the area of economic theory. The theoretical analysis is complemented by an examination of the successes and failures of monetary policy in the UK from the mid‐1960s. As such, the book acts as an impo ... More

Keywords: Bank of England, central bank, economic theory, exchange rates, fiscal policy, interest rates, monetary policy, private sector, public sector

Bibliographic Information

Print publication date: 1990 Print ISBN-13: 9780198283195
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198283199.001.0001


Affiliations are at time of print publication.

J. C. R. Dow, author
National Institute for Economic and Social Research; formerly Economics Director, Bank of England

I. D. Saville, author
Bank of England