Should the UK Adopt Money GDP Targets? - Professor Douglas McWilliams

13 Dec 2013 48:49 137
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Following the lecture on 'A New Theory of Economic Growth' in the previous year, and with a new Governor of the Bank of England, this lecture looks at a different way of targeting economic policy to deal with the paradox that inflation has been consistently above its target for the past three years while growth has underperformed consistently. This lecture argues that the time has come to update the Monetary Policy Committee's target to use Money GDP instead of simple inflation targeting.

The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/should-the-uk-adopt-money-gdp-targets
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