Tabla de Contenidos:
  • 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.