What is Next for Monetary Policy in a Post-Pandemic World?

Pryce, Vicky What is Next for Monetary Policy in a Post-Pandemic World? Birmingham City University, Centre for Brexit Studies Blog.

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Abstract

The well-known economist Professor Tim Congdon has attacked the Bank of England (BoE) in an op-ed in the Telegraph newspaper for letting inflation rise to the highest level since it was made independent 25 years – by the Labour government after the 1997 election victory of Tony Blair[i]. He argued, as the headline for the piece put it, that ‘ Labour created a Bank that doesn’t understand inflation’ Congdon laments the fact that as he sees it, the BoE “took the measures that have pushed money growth to its current excessive level” and that the bank’s analysis of inflation is “entirely non-monetary”, ..and..”could even be criticised as atheoretical, scrappy and ad hoc”.

Item Type: Other
Uncontrolled Keywords: Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise and Professional Services > Centre for Brexit Studies
Depositing User: Alex De Ruyter
Date Deposited: 25 Jan 2022 10:53
Last Modified: 25 Jan 2022 10:53
URI: http://www.open-access.bcu.ac.uk/id/eprint/12691

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