Should the UK adopt Money GDP Targets?

If achieving inflation targets has little effect on economic growth, should the Bank of England adopt a different method of targeting economy policy?

Following the lecture on ‘A New Theory of Economic Growth’ in the previous year, and with a new Governor of the Bank of England, this lecture looks at a different way of targeting economic policy to deal with the paradox that inflation has been consistently above its target for the past three years while growth has underperformed consistently. This lecture argues that the time has come to update the Monetary Policy Committee's target to use Money GDP instead of simple inflation targeting.

For all information about this free public lecture by Douglas McWilliams, Gresham Professor of Commerce, please visit the event's page on the Gresham College website:
http://www.gresham.ac.uk/lectures-and-events/should-the-uk-adopt-money-gdp-targets

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