Abstract

http://ssrn.com/abstract=764369
 
 

References (15)



 
 

Citations (5)



 


 



The Exchange Rate and the MPC: What Can We Do?


Sushil Wadhwani


Bank of England - Monetary Policy Committee


Bank of England Quarterly Bulletin, August 2000

Abstract:     
In this speech, Sushil Wadhwani, member of the Bank's Monetary Policy Committee, argues that looking only at a two year ahead inflation forecast when setting interest rates is likely to be sub-optimal, and that allowing asset price misalignments to have an additional impact on interest rates could enable a reduction in the volatility of inflation. Currently, sterling is probably 'overvalued' against the euro, and so this might affect the appropriate level of interest rates. Dr. Wadhwani also suggests that, under certain circumstances, sterilized intervention can be effective.

Number of Pages in PDF File: 10

Accepted Paper Series





Download This Paper

Date posted: August 3, 2005  

Suggested Citation

Wadhwani, Sushil, The Exchange Rate and the MPC: What Can We Do?. Bank of England Quarterly Bulletin, August 2000. Available at SSRN: http://ssrn.com/abstract=764369

Contact Information

Sushil Wadhwani (Contact Author)
Bank of England - Monetary Policy Committee ( email )
Threadneedle Street
London EC2R 8AH
United Kingdom
+44 20 7601 3235 (Phone)
Feedback to SSRN


Paper statistics
Abstract Views: 680
Downloads: 73
Download Rank: 194,738
References:  15
Citations:  5

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.297 seconds