BANK OF ENGLAND’S MONETARY POLICY COMMITTEE – ASSESSING THE IMPORTANCE AND THE IMPLICATION UPON MONETARY POLICY Cover Image

BANK OF ENGLAND’S MONETARY POLICY COMMITTEE – ASSESSING THE IMPORTANCE AND THE IMPLICATION UPON MONETARY POLICY
BANK OF ENGLAND’S MONETARY POLICY COMMITTEE – ASSESSING THE IMPORTANCE AND THE IMPLICATION UPON MONETARY POLICY

Author(s): Dumiter Florin Cornel, Horaţiu Florin Şoim
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: monetary policy strategy; central bank transparency; voting process; communication strategy; voting orientation

Summary/Abstract: The monetary policy strategies arround the world have been envolving in the last two decades considerable. In the past, central banks’ have been associated with a „veil of mistery” having at their grounds the so-called policy mistique. Nowadays, the new monetary policy strategy – inflation targeting – promoted by many countries established new coordinates for monetary policy. In this paper we focuse upon the monetary policy committee with a special focus upon the Bank of England’s case, because of the special track of this committee in several fields: interest rates expectations, other asset prices, the communication of the central bankers, publishing the minutes of the committees.

  • Issue Year: XVIII/2012
  • Issue No: 18
  • Page Range: 61-67
  • Page Count: 7
  • Language: English