Batini, Nicoletta; Nelson, Edward - Federal Reserve Bank of St. Louis - 2005
This paper provides an overview, using extensive documentary material, of developments in U.K. macroeconomic policy in … of inflation targeting in 1992 or central bank independence in 1997), we instead take a longer perspective, which … characterizes the favorable economic performance in the 1990s and 2000s as the culmination of an overhaul of macroeconomic policy …