UK Monetary Policy Change During the Financial Crisis:Paradigms, Spillovers, and Goal Co-ordination
Policy responses to the tumult of the global financial crisis of 2007-9 prompt a consideration of the critical dimensions in specifying policy change. UK monetary policy between 2007 and 2009 is characterised by a remarkable degree of innovation yet counts as a 'normal' period of policy making under the Hall (1993) framework of policy change, the enduring workhorse of the comparative public policy field. This exposes its lack of conceptual refinement in describing significant but within...[Show more]
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