Dave Gardner This article takes, as a starting point, the article by Martin Seale on how the Bank of England (BoE) manages inflation through manipulating interest rates with the byproduct being unemployment. Currently, the BoE manages inflation through the setting of an interest rate that keeps the inflation rate stable. The mechanism used is the … Continue reading How could the labour movement control inflation without increasing unemployment?
Central Bank
The Central Bank of Japan
Michal Lerner In the March issue of Labour Affairs I described the operation of the UK and US central banks. In this article I will look at the central bank of Japan. But first a word on terminology. There will be many references to ‘reserves’ and ‘reserve accounts’ in the article. Reserves is just another name for money. Reserve … Continue reading The Central Bank of Japan
Labour Affairs 