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Titlebook: Managing the British Economy in the 1960s: A Treasury Perspective; Alec Cairncross Book 1996 Palgrave Macmillan, a division of Macmillan P

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书目名称Managing the British Economy in the 1960s: A Treasury Perspective
编辑Alec Cairncross
视频video
丛书名称St Antony‘s Series
图书封面Titlebook: Managing the British Economy in the 1960s: A Treasury Perspective;  Alec Cairncross Book 1996 Palgrave Macmillan, a division of Macmillan P
描述InManaging the British Economy in the 1960sSir Alec Cairncross, who was Economic Adviser to HMG in 1961-64 and Head of the newly-created Government Economic Service in 1964-69, tells the inside story of the making of economic policy under four Chancellors of the Exchequer between 1960 and 1970, first under a Conservative government then under a Labour government. He describes how the Treasury dealt with a whole succession of crises and experimented with many new departures of policy over the decade: for example, the efforts to engage in long-term planning, form a workable incomes policy, make use of new taxes for new purposes and enter the European Community. In parallel with the 1990s, the story is dominated by the effort to avoid devaluation followed by the struggle to make it work and keep the pound from sliding further.
出版日期Book 1996
关键词crisis; economic policy; financial policy
版次1
doihttps://doi.org/10.1007/978-1-349-13944-6
isbn_ebook978-1-349-13944-6Series ISSN 2633-5964 Series E-ISSN 2633-5972
issn_series 2633-5964
copyrightPalgrave Macmillan, a division of Macmillan Publishers Limited 1996
The information of publication is updating

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A Strategy for the Pound?taken to improve the balance of payments directly or to make British industry more competitive and narrow the gap between imports and exports. These measures were spread over several years, many of them during the exchange crises in July 1965 and July 1966, without any effort to frame a comprehensive programme and assess its adequacy.
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The Exchange Crisis of 1965 eating into competitive power. The balance of payments might have improved but there was still a small deficit on current account and a large outflow of capital that together made it necessary to offer support at the rate of £650 million a year out of borrowed funds.
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Monetary and Financial Policy in the 1960sfor many years been the favoured instrument of demand management. Raising interest rates had the disadvantage of being particularly discouraging to investment, which was regarded as of major importance to economic growth.
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