Monetary Policy - A Perpetual Dilemma? - speech by Kate Barker

In a speech today to the Charities Consortium, Kate Barker, one of the Bank of England's Monetary Policy Committee members, addressed two current criticisms of the monetary policy framework.
Published on 14 October 2002

On the first, she argued that: "It is difficult to construct a clear argument at the macroeconomic level that the balance of the economy over the past five years has been inimical to the UK's growth rate over the medium-term. And, even if that were a concern, no viable alternative monetary policy was available over the past few years which would have produced a better result even for the traded sector."

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