Hostname: page-component-78c5997874-8bhkd Total loading time: 0 Render date: 2024-11-17T14:59:14.922Z Has data issue: false hasContentIssue false
  • English
  • Français

COMMENTARY: MONETARY POLICY IN TROUBLED TIMES

Published online by Cambridge University Press:  28 April 2020

Jagjit S. Chadha
Jagjit S. Chadha*
Affiliation:
Director, National Institute of Economic and Social Research. E-mail: j.chadha@niesr.ac.uk.
Rights & Permissions [Opens in a new window]

Abstract

An abstract is not available for this content so a preview has been provided. As you have access to this content, a full PDF is available via the ‘Save PDF’ action button.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Article Commentary
Information
National Institute Economic Review , Volume 252 , May 2020 , pp. F4 - F9
Copyright
© National Institute of Economic and Social Research, 2020

Footnotes

In memoriam: Peter Sinclair. This paper is closely related to a recent Occasional Paper written with Richard Barwell and Michael Grady and I am grateful for their permission to draw on that work. Also for comments on the paper from Kate Barker, Charles Goodhart, Sean Holly, Mervyn King, Huw Pill, Manoj Pradhan, Paul Tucker, Philip Turner, Tony Yates and Garry Young. They share no responsibility and any errors are mine alone.

References

REFERENCES

Barwell, R. and Chadha, J.S.(2019) (Eds), Renewing our Monetary Vows: Open Letters to the Governor of the Bank of England, National Institute of Economic and Social Research, Occasional Paper No. 58.Google Scholar
Barwell, R., Chadha, J.S. and Grady, M. (2020), Monetary Policy in Troubled Times: New Governor…New Agenda, National Institute of Economic and Social Research, Occasional Paper No. 59.Google Scholar
Buiter, W.H. (2014), ‘The simple analytics of helicopter money: why it works – always’, Economics Discussion Papers, No 2014-24, Kiel Institute for the World Economy.Google Scholar
Chadha, J.S., Corrado, L. and Holly, S. (2014), ‘A note on money and the conduct of monetary policy’, Macroeconomic Dynamics, 18, 8, p. 1854–83.Google Scholar
Harrison, R. and Thomas, R. (2019), ‘Monetary financing interest-bearing money’, Bank of England Staff Working Paper No. 785.Google Scholar
Kay, J. and King, M.A. (2020), Radical Uncertainty – Decision-makingBeyond the Numbers, London: Norton.Google Scholar
Sargent, T. (1982), ‘The ends of four big inflations’ in Inflation: Causes and Effects, National Bureau of Economic Research, pp. 41–98.Google Scholar
Sinclair, P. and Allen, W.A. (2017), ‘Monetary policy normals, future and past’, National Institute Economic Review, 241(1), R5–R12.Google Scholar