Book contents
- Reflections on Monetary Policy after 25 Years of the MPC
- Macroeconomic Policy Making
- Reflections on Monetary Policy after 25 Years of the MPC
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- I Overview
- II Communication
- III Targets and Instruments
- 6 The MPC Remit at 25: Growing Pains?
- 7 Raising the Inflation Target
- 8 What Have We Learnt about Unconventional Monetary Policy Tools? Lessons from the Global Pandemic
- 9 Finding New Objectives, Seeking New Instruments
- 10 Government Debt Management and Monetary Policy Before and After the MPC
- IV MPC Process
- V Lessons for Central Bank Independence
- Annex: Details on the methodology for the classification of level of disagreement
- Index
- References
7 - Raising the Inflation Target
from III - Targets and Instruments
Published online by Cambridge University Press: 14 November 2024
By
Book contents
- Reflections on Monetary Policy after 25 Years of the MPC
- Macroeconomic Policy Making
- Reflections on Monetary Policy after 25 Years of the MPC
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- I Overview
- II Communication
- III Targets and Instruments
- 6 The MPC Remit at 25: Growing Pains?
- 7 Raising the Inflation Target
- 8 What Have We Learnt about Unconventional Monetary Policy Tools? Lessons from the Global Pandemic
- 9 Finding New Objectives, Seeking New Instruments
- 10 Government Debt Management and Monetary Policy Before and After the MPC
- IV MPC Process
- V Lessons for Central Bank Independence
- Annex: Details on the methodology for the classification of level of disagreement
- Index
- References
Summary
Much ink has been spilled on the issue of how to design central bank mandates since the improvised and hasty birth of the inflation target in the UK in the aftermath of its exit from Europe’s Exchange Rate Mechanism in the autumn of 1992. This chapter is a brief introduction to the argument for raising the inflation target in the light of the experience since the target was first set, and aims to spill as little further ink as possible
- Type
- Chapter
- Information
- Reflections on Monetary Policy after 25 Years of the MPC , pp. 89 - 99Publisher: Cambridge University PressPrint publication year: 2024
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