The U. K. 's Rocky Road to Stability.

Intro -- THE U.K.'S ROCKY ROAD TO STABILITY -- THE U.K.'S ROCKY ROAD TO STABILITY -- CONTENTS -- PREFACE -- INTRODUCTION -- TERMINOLOGICAL PRELIMINARIES -- 2A UNITED KINGDOM -- 2B INTEREST RATES, MONEY, AND CREDIT -- 2C CONSUMER PRICES -- THE NONMONETARY APPROACH TO MACROECONOMIC POLICY (1955-1979) -- 3A THE NONMONETARY APPROACH TO DEMAND MANAGEMENT (1955-70) -- 3A.1 U.K. Monetary Policy in the 1950s -- 3A.2 Developments in the 1960s -- The Bank of England -- 3B THE NONMONETARY APPROACH TO INFLATION CONTROL (1955-79) -- 3B.1 1955 to 1969 -- 3B.2 1970 to 1979 -- Post-mortems on the 1970s -- BROAD MONEY TARGETING -- 4A THE KREMLINOLOGY OF MONETARY TARGETS -- 4B THE CREDIT COUNTERPARTS APPROACH -- 4C THE CHOICE OF BROAD MONEY -- FLAWS IN MONETARY POLICY EXECUTION (1955-1985) -- 5A SHORT-TERM INTEREST-RATE POLICY -- 5A.1 Interest Rates and U.K. Policy -- 5A.2 Real vs. Nominal Interest Rates -- 5A.3 Interest-Rate Reaction Functions -- 5B INAPPROPRIATE MONETARY CONTROL DEVICES (1955-85) -- 5B.1 Long-Term Debt Operations -- 5B.2 Credit Controls -- 5B.3 Cash Reserve Requirements -- 5B.4 Secondary Reserve Requirements -- MONETARY POLICY DEVELOPMENTS IN THE 1980S -- 6A THE DISINFLATION OF THE EARLY 1980S -- 6A.1 Background to the Disinflation -- 6A.2 Character of the Disinflation -- 6B THE LATE 1980S INCREASE IN INFLATION -- MONETARY POLICY DEVELOPMENTS FROM 1990 TO 2004 -- 7A 1990 TO 1997 -- Bank of England Independence -- 7B 1997 TO 2004 -- 7C A SUMMING UP OF THE INFLATION RECORD -- FISCAL POLICY -- 8A 1955 TO 1969 -- 8B THE 1970S AND 1980S -- Taxation -- Government Spending -- Deficit Reduction and Privatization -- 8C THE 1990S AND 2000S -- PRODUCTIVITY AND ECONOMIC GROWTH -- CONCLUSIONS -- ACKNOWLEDGMENTS -- REFERENCES -- INDEX.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.