There are three pillars to the new Labour government's approach to economic policy: delivering macroeconomic stability, tackling supply-side barriers to growth, and delivering employment and economic opportunities to all. This lecture focuses on the new government's reforms to deliver macroeconomic stability and the importance of open and transparent institutions and procedures. The lecture outlines four principles for macroeconomic policy making which flow from changes in the world economy and the world of economic ideas over recent decades. It explains each principle and shows how they are being translated into practice in the macroeconomic policy reforms that the new government has introduced at the Treasury and the Bank of England. Copyright 1998 by Scottish Economic Society.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)