Book notes: The Bank of England and the government debt, by William Allen

The Bank of England and the government debt

William Allen, The Bank of England and the government debt: operations in the gilt-edged market, 1928–1972, Cambridge University Press, 2018, 274 pages

“They won’t be able to call us ‘nerds’ now,” one senior Bank of England economist was heard saying to another as they left the announcement of the transfer of monetary policy powers from the Treasury to the BoE in 1997. Indeed, from that point, economic forecasters and analysts have been at the heart of the central bank: from technical advisers

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