UK Monetary Policy from Devaluation to T

UK Monetary Policy from Devaluation to T
Pris
879,-
E-Bok
E-bøkene legges i din ARK-leseapp. Bøkene kan også lastes ned fra Din side.
×
Logg deg inn for å gjennomføre dette kjøpet med ett klikk!

Etter at kjøpet er gjennomført vil boken være tilgjengelig på «din side» og i ARK-appen
Format E-Bok
Filformat PDF
Utgivelsesår 2014
Forlag Palgrave Macmillan
Språk Engelsk
ISBN 9781137369543
Serie Palgrave Studies in the History of Finance
Se flere detaljer  

Om UK Monetary Policy from Devaluation to T

UK Monetary Policy from Devaluation to Thatcher, 1967-1982 charts the course of monetary policy in the UK from the 1960s to the early 1980s. It shows how events such as the 1967 sterling devaluation, the collapse of Bretton Woods, the stagflation of the 1970s and the International Monetary Fund loan of 1976 all shaped policy. It challenges the existing historiography by showing the Bank of England and the UK Treasury experimenting with money supply 'targets' nearly a decade before the Thatcher government placed monetarism at the heart of economic policy.By misreading the monetary history of the 1970s, the Thatcher government subjected the UK economy to a recession of unnecessary depth and severity that required the monetary policy U-turn of the 1981 budget, the most controversial in post-war British history. Fiscal policy was tightened - to the bewilderment of much of the economics profession; monetary policy was loosened - to the relief of British business. This rebalancing allowed personal consumption, through increased household debt, to become the engine of growth in the 1980s. This failure to heed the lessons of 1970s monetary policy, and the subsequent increase in personal debt, has had profound long-term consequences for the shape of the British economy.


Kundevurderinger

ARKs anbefalinger

Det finnes ingen vurderinger av dette produktet. Skriv anmeldelse

Tips en venn