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.

The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/should-the-uk-adopt-money-gdp-targets
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
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