Abstract
The central purpose of this chapter is to explain the way in which the authorities analyse developments in broad measures of money. As explained in the last chapter, £M3 has been the measure of broad money targetted by the authorities since 1976. It is the analysis of that particular aggregate which is given most attention in this chapter.
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Notes and References
C.A.E. Goodhart, ‘Monetary Theory and Practice’, ( London: Macmillan, 1984 ), p13.
J. S. Fforde, ‘Setting Monetary Objectives’, BEQB, June 1983, p206.
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© 1986 Paul Temperton
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Temperton, P. (1986). Analysing Broad Money. In: A Guide to UK Monetary Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07996-4_3
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DOI: https://doi.org/10.1007/978-1-349-07996-4_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07998-8
Online ISBN: 978-1-349-07996-4
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