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objectives in an optimal manner to this day. Considering that the quantity theory of money underlying monetary targeting is also … the theory should also help to strengthen trust in central banks and reduce the damage caused by cryptocurrencies. …
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This short paper use the perspective of the assignment problem to examine the evolution of the workings of monetary policy and the Monetary Policy Committee (MPC) of the Bank of England over its first 25 years. It outlines how the Bank, and the MPC, came across additional possible objectives and...
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