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
10 - Government Debt Management and Monetary Policy Before and After the MPC
from III - Targets and Instruments
Published online by Cambridge University Press: 14 November 2024
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
This chapter describes how the relationship between government debt management and monetary policy has evolved since the late twentieth century. When the Bank’s Monetary Policy Committee was established in 1997, the relationship was distant, but after the Global Financial Crisis, with the advent of quantitative easing, the relationship became a very close one, in which debt management objectives have been subordinated to monetary policy
- Type
- Chapter
- Information
- Reflections on Monetary Policy after 25 Years of the MPC , pp. 119 - 128Publisher: Cambridge University PressPrint publication year: 2024
References
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