Setting monetary objectives - Paper presented by J S Fforde

Quarterly Bulletin 1983 Q2
Published on 01 June 1983

This paper by J S Fforde, an adviser to the Governor, was presented at a conference on monetary targeting organised by the Federal Reserve Bank of New York in May 1982. In it Mr Fforde reviews the political economy and history of monetary targeting in the United Kingdom since the early 1970s.
Temporal references have not been altered so that, for example, 'last year' refers to 1981.

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