Monetary policy in the UK

Article Abstract:

The conduct of the Bank of England and the role of the HM Treasury in the operation of monetary policy in the UK from 1992 to 2007 are discussed. It shown that this strategy has been effective in keeping UK inflation within the targets set by the HM Treasury. Evidence that suggests tightness in UK monetary policy uncovers potential problems with the process of appointing MPC members.

Government expenditures, Evaluation, Economic policy, Monetary policy, Powers and duties, United Kingdom. Treasury, United Kingdom. Bank of England, Report

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Coase on the nature of economics

Article Abstract:

A description on the writings of Coase's methodology, which focuses on method at the risk of under-appreciating his substantive view of economics, is discussed. A new institutional economics, which a research program inspired by Coase's methodology, is presented.

Economics, Institutional economics, Coase theorem, Economic theory

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