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- Title
The Monetary Policy Committee: an end-term evaluation.
- Authors
Matthews, Kent
- Abstract
The Bank of England's Monetary Policy Committee has controlled interest rates since June 1997. By comparing the MPC's record with that of the Shadow Monetary Policy Committee (SMPC) and evaluating the degree of volatility in the financial markets, this paper concludes that in many respects the MPC succeeded in its task. However, whilst the lack of 'groupthink' and the record compared with the SMPC are commendable, increased financial market volatility suggests the MPC could have done better.
- Subjects
ENGLAND; BANK of England; INTEREST rates; MONETARY policy
- Publication
Economic Affairs, 1999, Vol 19, Issue 4, p31
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/1468-0270.00188