20  The implications of this terrifying prospect for income distribution – which Meade dubbed the “Brave New Capitalists’ Paradise” – are the centrepiece of a short, sharp article by Benjamin Friedman, “‘Brave New Capitalists’ Paradise’: The Jobs?”, The New York Review of Books, 7 November 2013.
For policy actions to be effective, it is necessary to act based on the outlook for economic activity and prices over a sufficiently long term. In the Quarterly Bulletin of the BOE, for example, the economic and price outlook of Monetary Policy Committee members for the next three years is produced and published.