Author : Great Britain. Parliament House of Lords
Publisher :
Page : 41 pages
File Size : 36,15 MB
Release : 2001
Category :
ISBN : 9780104422014
Book Description
This is the second House of Lords report on the working of the Monetary Policy Committee. The first part looks at the objective given to the MPC, whether the 2.5% inflation target is right and the co-ordination between monetary and fiscal policy. The second part looks at the transparency of the MPC and the information they publish to support their decisions. The third part examines the technical issues on the implementation of policy, such as why inflation is mostly below target, whether the index used is the appropriate measure of inflation, the record of forecasting and the success of the MPC. The fourth part is concerned with the membership of the MPC and the way it is appointed.