Economics, Econometrics and Finance
8 years ago

Bank of England's Independence Leads to Stable Economy and Lower Inflation.

DOAJ (DOAJ: Directory of Open Access Journals)
CENTRAL BANK INDEPENDENCE AND INFLATION TARGETING - THE BRITISH EXPERIENCE
David Delia, Şoim Horaţ iu, Dumiter Florin Cornel

Paper Summary

The Bank of England, the UK's central bank, has been focusing on maintaining stable prices since 1992 by setting an inflation target. In 1997, it gave more responsibility for monetary policy to a separate committee. By analyzing its performance before and after these changes, we can see how central bank independence has affected the UK's economy.

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