Fiscal and Monetary Policy

  • C. T. Sandford
Part of the Case Studies in Economics book series (STEC)


In 1944 the Coalition Government, with the approval of all political parties, published a White Paper on Employment Policy in which government in the U.K. accepted the responsibility for maintaining a ‘high and stable level of employment’.


Interest Rate Monetary Policy Fiscal Policy Money Supply Aggregate Demand 
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Sources and References

  1. Financial Statement, 1968–69 (H.M.S.O., Mar 1969).Google Scholar
  2. Financial Statement and Budget Report, 1969–70 (H.M.S.O., Apr 5969).Google Scholar
  3. Public Expenditure in 1968–69 and 1969–70 Cmnd 3515 (H.M.S.O., Jan 1968).Google Scholar
  4. Richard E. Caves and Associates, Britain’s Economic Prospects (Washington and London, 1968) chaps i and ii.Google Scholar
  5. E. Victor Morgan, Monetary Policy for Stable Growth, Hobart Paper 27. (Institute of Economic Affairs, 1964 ).Google Scholar
  6. N. J. Gibson, Financial Intermediaries and Monetary Policy, Hobart Paper 39 (Institute of Economic Affairs, 1967 ).Google Scholar
  7. Anna Jacobson Schwartz, ‘Why Money Matters’, Lloyds Bank Review (Oct 1969).Google Scholar
  8. Devaluation details can be found in The Economist 25 Nov 1967, or the Midland Bank Review (Feb 1968).Google Scholar
  9. Budget details can be referred to in Hansard 19 Mar 1968 and 15 Apr 1969; The Times, Guardian or Financial Times of the days following the Budget; or The Economist 23 Mar 1968 and 19 Apr 1969.Google Scholar
  10. Convenient sources of regular financial banking and trade statistics are the Monthly Summary of Business Conditions in the United Kingdom published by the National and Commercial Banking Group Ltd; and the Midland Bank Review which, besides regular quarterly assessments of ‘Business and Finance’, includes an ’Annual Monetary Survey’ in the May issue.Google Scholar

Copyright information

© C. T. Sandford and M. S. Bradbury 1970

Authors and Affiliations

  • C. T. Sandford

There are no affiliations available

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