A Critique of Monetary Policy: Theory and British Experience
J. C. R. Dow and I. D. Saville
Abstract
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
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 important work for students of economics and economic theory, but is also accessible to those involved in policy‐making, journalism, and other interested parties.
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 |
Authors
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
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