United Kingdom: Selected Issues

May 14, 1999

Preview Citation

Format: Chicago

United Kingdom: Selected Issues, (USA: International Monetary Fund, 1999) accessed December 22, 2024

Summary

This Selected Issues paper examines the operational independence and the conduct of monetary policy in the United Kingdom. The paper describes the inflation targeting framework and the analytics of the decision-making process. It suggests that inflation targeting, although not entirely new in terms of the basic idea, is a rather significant step toward establishing a workable and well-defined framework for monetary policy. The paper also describes structure, mandate, and policy issues associated with the financial services authority.

Subject: Banking, Central bank autonomy, Central banks, Financial sector policy and analysis, Financial services, Financial stability assessment, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Central bank autonomy, CR, Europe, Exchange rate, Financial stability assessment, GDP growth, Global, Inflation, Inflation target, Inflation targeting, ISCR, North America, U.K. business cycle, U.K. cycle, U.K. economy, U.K. government

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/044
Stock No:

1GBREA0011999
ISBN:

9781451814088
ISSN:

1934-7685

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