||07 июля 2013
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Britain and the economic crisis
Crisis in EMU
List of references
"Britain and the Economic crisis; the determination of prices in housing markets; crisis in European monetary union(EMU)."
Фрагмент работы для ознакомления
ing their concern about the high inflation rates, said that he "fully supports the Bank of England in its fight against inflation." Now, if the Minister of Finance said that he fully supports the actions of the Bank's high unemployment, it would have been much closer to the truth. Bank accounts to seek compromises, grope a fine line balance between unemployment and inflation. However, it appears to the Bank of England has always opts for employment. It's simple: to ease inflationary pressures, it is necessary to raise interest rates. But the Bank is inactive. And the Minister is quite happy: Implications hard cuts in government spending still have not felt the full, so it's hard to imagine how a rattlesnake can be a mixture of fiscal and monetary tightening.Mervyn King, Chairman of the Bank of England, soon to be writing his fifth letter of explanation to the Finance Minister, because in many quarters of inflation in the country is held above the Bank's target level of 2%. It is well known that he would say in his defense. He will argue that high inflation is caused by temporary factors beyond the Bank of England, such as raising the sales tax, prices for raw materials and energy. He also mentions the devaluation, which contributes to higher prices of imports. But another question.
List of references
1.Andrew Porter. Britain in grip of worst economic crisis for 60 years, admits Alistair Darling //The Telegraph Wednesday 11 January 2012
2.Barro R. Economic Growth in a Cross Section of Countries // Quarterly Journal of Economics. Vol. 106 (2011). P. 407–443
3.Herve Goulletquer. Economic policy: Simultaneously villain and hero http://smart-lab.ru/files/strategia_2012/Credit_Agricole_macro_2012.pdf
4.Myra Butterworth. House prices: housing market seizes up in Britain's big freeze // The Telegraph Wednesday 11 January 2012
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