The Decisions of the Shadow Monetary Policy Committee and Monetary Policy Committee Since 2002: A Rejoinder

2 Pages Posted: 9 Jun 2012

Date Written: June 2012

Abstract

Koo, Paya and Peel make some very worthwhile points regarding the operation of the SMPC. Their analysis is interesting and helpful. However, the particular structure of the SMPC and the way it operates is, to some extent, determined by practicalities but also, more importantly, by the fact that it tries to operate as a discussion forum bringing together academics, bankers and financial experts rather than simply providing opinions on what the MPC should do.

Suggested Citation

Smith, David B., The Decisions of the Shadow Monetary Policy Committee and Monetary Policy Committee Since 2002: A Rejoinder (June 2012). Economic Affairs, Vol. 32, Issue 2, pp. 94-95, 2012, Available at SSRN: https://ssrn.com/abstract=2080367 or http://dx.doi.org/10.1111/j.1468-0270.2012.02164.x

David B. Smith (Contact Author)

University of Derby ( email )

Kedleston Road
Derby, Derbyshire DE22 1GB
United Kingdom

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