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SUMMARY:The Invention of Monetary Policy. Divergent Paths of Monetarist Ex
 perimentation in Switzerland and the UK - Dr Leon Wansleben\, London Schoo
 l of Economics
DTSTART:20180502T150000Z
DTEND:20180502T173000Z
UID:TALK105517@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:In the 1970s\, many central banks\, including the Bank of Engl
 and and the Swiss National Bank\, embarked on experiments with monetarism 
 in order to address the monetary crises that had erupted during this decad
 e. But for the two mentioned central banks\, the results of these experime
 nts could not have been more different: At the end of the 1970s\, the Swis
 s National Bank had successfully consolidated its monetary policy as "mone
 tary targeting"\, while the Bank of England was paralysed by political-ide
 ological struggles over its alleged failure to control the money supply. M
 y paper traces these divergent trajectories and argues that\, in addition 
 to differences in institutional context\, we need to pay attention for how
  policy makers and observers drew lessons from immediate experiences and o
 ngoing events\, thereby establishing those path-dependencies that shaped s
 ubsequent institutional change.
LOCATION:Castlereagh Room in the Fisher Building\, St John’s College
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