[10] Haldane A (ed) (1995), Inflation Targeting, Proceedings of a Conference, Bank of England, London. [11] King M (2016), The End of Alchemy, Little Brown. [12] Balls E, J Howat and A Stansbury (2016), ‘Central Bank Independence Revisited: After the financial crisis, what should a modern central bank look like? M-RBCG Associate Working Paper Series, No 67, Harvard Kennedy School.
At the MPM next week, we would like to have a discussion from this perspective and make public the findings of the assessment. About eight years have passed since the introduction of QQE in 2013. Although this has been a protracted effort, it is clear that the economy has improved significantly during this period and is no longer in deflation.