Central bank remits have little impact on policy

bank-of-england-web

The Federal Reserve and Bank of England have followed similar approaches to monetary policy, despite operating with "rather different aims", according to David Miles, a member of the Bank of England's Monetary Policy Committee.

Miles, speaking in Boston on April 13, said the different weights central banks give to output and employment can "today give rise to rather similar monetary policies". In this "exceptional" current environment, Miles said, the "differences in the scale of the optimal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: