The UK Economy after the Crisis: Monetary policy when it is not so NICE - speech by Charles Bean

In a speech in London today to alumni of Cambridge University, Charles Bean - Deputy Governor for Monetary Policy and member of the Monetary Policy Committee - talks about what the future might hold for the British economy and draws lessons from the recent crisis for the future conduct of monetary policy.
Published on 16 March 2010

After discussing recent economic history and the end of the NICE (Non-Inflationary Consistently Expansionary) decade, Charles Bean turns his attention to the strength of the recovery over the medium term and looks at the underlying forces driving the demand for UK goods and services. He finds both ".reasons to be fearful and reasons to be cheerful".

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