Monetary Policy, Selective Credit Policy, and Industrial Policy in France, Britain, West Germany, and Sweden: A Staff Study |
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aggregate demand agreement announced AP fund assets authorities average bank lending Bank of England Barre government bond borrowing Bundesbank Central Bank changes commercial banks companies competitive costs credit market credit policy decline decrease Deutsche Bundesbank Deutsche mark domestic economic policy effect employment encadrement equity capital exchange rate export Federal finance firms fiscal policy foreign France French German government's grey market growth rate housing income incomes policy increase industrial policy inflation institutions instruments interest rates investment issues labor liabilities limit liquidity LO's loans major ment monetarist monetary base monetary control monetary policy monetary targets money stock money supply party percent political private sector problems production profits PSBR public sector ratio reduced reserve Riksbank Riksdag role share Social Democratic stability steel sterling M3 strategy structural Sweden Swedish tion Treasury unions United Kingdom wage settlements workers