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Monetary Policy and Forward Guidance in the UK

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  • David Miles

Abstract

This paper assesses the case for the use of more explicit forward guidance on monetary policy in the UK. Such a policy was introduced in the middle of 2013. The economic conditions at that time meant that the rule adopted by the Monetary Policy of the Bank of England helped avert some risks to the emerging recovery.

Suggested Citation

  • David Miles, 2014. "Monetary Policy and Forward Guidance in the UK," Manchester School, University of Manchester, vol. 82(S1), pages 44-59, September.
    • Handle: RePEc:bla:manchs:v:82:y:2014:i:s1:p:44-59
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    File URL: http://hdl.handle.net/10.1111/manc.12069
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