Fiscal and Monetary Policy
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’.
KeywordsInterest Rate Monetary Policy Fiscal Policy Money Supply Aggregate Demand
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Sources and References
- Financial Statement, 1968–69 (H.M.S.O., Mar 1969).Google Scholar
- Financial Statement and Budget Report, 1969–70 (H.M.S.O., Apr 5969).Google Scholar
- Public Expenditure in 1968–69 and 1969–70 Cmnd 3515 (H.M.S.O., Jan 1968).Google Scholar
- Richard E. Caves and Associates, Britain’s Economic Prospects (Washington and London, 1968) chaps i and ii.Google Scholar
- E. Victor Morgan, Monetary Policy for Stable Growth, Hobart Paper 27. (Institute of Economic Affairs, 1964 ).Google Scholar
- N. J. Gibson, Financial Intermediaries and Monetary Policy, Hobart Paper 39 (Institute of Economic Affairs, 1967 ).Google Scholar
- Anna Jacobson Schwartz, ‘Why Money Matters’, Lloyds Bank Review (Oct 1969).Google Scholar
- Devaluation details can be found in The Economist 25 Nov 1967, or the Midland Bank Review (Feb 1968).Google Scholar
- 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
- 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