When it comes to economic policy making, there are two big levers that a government can pull - monetary policy and fiscal policy. In this new special by your friendly neighbourhood economists Pete and Gav, they delve into the first of these, monetary policy. As always 10 questions are discussed and this will give the listener a good overview of what monetary policy is and some of the controversies surrounding its use. Along the way, you will come across a quiz based on a recent visit to the Bank of England museum and you can even learn about some Greek legends! It even finishes on a poem all about Monetary Policy. Technical support as always comes from Nic. Enjoy.
PS In the current turbulent world that is the UK economy it is more relevant than ever to have a good grasp of the basic of economics. To recall the late, great Joan Robinson "The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to avoid being deceived by economists."