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The medium term financial strategy: an experiment in co-ordinating monetary and fiscal policy

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  • Marcus Miller

Abstract

In the budget of 1980 the current administration launched the Medium Term Financial Strategy (MTFS), a four year plan designed primarily to reduce inflation but also to generate economic growth, see FSBR (1980). What is not immediately apparent from the name is that it is as much a fiscal strategy as a financial strategy; indeed what it seeks to do is to co-ordinate the stance of monetary and fiscal policy in a fashion novel to the post-war UK economy. IN the 1981 budget, the strategy was modified in detail, but re-affirmed in principle.

Suggested Citation

  • Marcus Miller, 1981. "The medium term financial strategy: an experiment in co-ordinating monetary and fiscal policy," Fiscal Studies, Institute for Fiscal Studies, vol. 2(2), pages 50-60, July.
    • Handle: RePEc:ifs:fistud:v:2:y:1981:i:2:p:50-60
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    Cited by:

    1. Pashkus V.Y. & Pashkus N. A., 2015. "Breakthrough Positioning Strategy: Usage At The Enterprise Level Russian Pharmaceutical Cluster," Annals of marketing-mba, Department of Marketing, Marketing MBA (RSconsult), vol. 2, May.
    2. Charles Freedman, 1982. "The effect of U.S. policies on foreign countries: the case of Canada," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 97-129.
    3. John B. Taylor, 1982. "The role of expectations in the choice of monetary policy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 47-95.
    4. David Cobham, 1986. "El debate actual entre Keynesianismo y Monetaristas," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 19, pages 153-173.

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