Jacobs, Michael, Calvert Jump, Robert ORCID: https://orcid.org/0000-0002-2967-512X, Michell, Jo and Van Lerven, Frank (2023) In Tandem: the case for coordinated economic policymaking. The Fabian Society, London, UK. ISBN 978-0716341383

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Abstract

The daunting array of economic problems facing Britain – low growth, inadequate investment, stagnant productivity, accelerating climate change and suppressed wages – are closely connected. Yet since 1997, the institutions most responsible for addressing them, the Treasury and the Bank of England, have been kept quite separate, operating in distinct, deliberately constructed siloes. In this pamphlet, Michael Jacobs, Robert Calvert Jump, Jo Michell and Frank van Lerven scrutinise the so-called ‘consensus assignment’, which specifies a hard division of labour between the government and the central bank. With informal coordination happening anyway, especially during the pandemic years, the authors argue that new, more transparent arrangements are needed. Analysing the wider array of institutions now involved in economic policymaking, they propose a new Economic Policy Coordinating Committee to help achieve the multiple objectives towards which governments today must aim.

Item Type:	Book
Uncontrolled Keywords:	public policy
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Greenwich Business School Greenwich Business School > Political Economy, Governance, Finance and Accountability (PEGFA) Journal of Economic Literature Classification > Political Economy, Governance, Finance and Accountability (PEGFA) Greenwich Business School > School of Accounting, Finance and Economics
Last Modified:	18 Feb 2025 12:08
URI:	http://gala.gre.ac.uk/id/eprint/49755

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