TITLE

Monetary Transmission Lags and the Formulation of the Policy Decision on Interest Rates

AUTHOR(S)
Goodhart, Charles A. E.
PUB. DATE
July 2001
SOURCE
Review (00149187);Jul/Aug2001, Vol. 83 Issue 4, p165
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses the issues regarding the implementation of the policy by the Bank of England Monetary Policy Committee (MPC) in Great Britain. Determination of whether the two-year policy horizon set by the MPC is optimal for their inflation targeting approach; Appropriateness of the MPC practice to condition its inflation forecast; Extent to which policymakers should respond to asymmetric risks in inflation forecasts.
ACCESSION #
5031929

 

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