Reforming Britain''s Economic and Financial Policy : Towards Greater Economic Stability

In recent years the UK's macroeconomic policy framework has undergone a period of radical reform so as to deliver the economic stability necessary to achieve high levels of growth and employment.

List of Tables List of Figures Foreword by Chancellor of the Exchequer, Gordon Brown Introduction Lessons from Past Policy Experience Overview: Key Principles for Policy Making in an Open Economy The New Monetary Policy Framework The Benefits of Maintaining Low and Stable Inflation The Specification of the Inflation Target The UK Model of Central Bank Independence: An Assessment Reforms to Financial Regulation An Overview of the New Fiscal Policy Framework Understanding the Fiscal Rules Analysing UK Fiscal Policy The Public Finances and the Economic Cycle Planning and Controlling Public Spending Resource Accounting and Budgeting Assessing Long-term Sustainability The Public Sector Balance Sheet Debt Management: Theory and Practice Reforming the International Financial Architecture The EU Macroeconomic Framework An Assessment of the New Macroeconomic Policy Framework Notes Glossary of Monetary and Fiscal Policy Terms Bibliography Index