HM TREASURY, with a foreword by the Chancellor, Gordon Brown. AE(00): Foreword by the Chancellor, Gordon Brown

'A very useful and important book for students of economics and politics...the effort to gather the essence of Brown's economic policy and strategy in one source book is most welcome.' - William Keegan, The Observer 'It should be essential reading for those interested in political economy.' - Colin Thain, The British Journal of Politics and International Relations

• List of Tables List of Figures Foreword by Chancellor of the Exchequer, Gordon Brown Introduction Lessons from Past Policy Experience Overview: Key Principles for Policy Making in an Open Economy The New Monetary Policy Framework The Benefits of Maintaining Low and Stable Inflation The Specification of the Inflation Target The UK Model of Central Bank Independence: An Assessment Reforms to Financial Regulation An Overview of the New Fiscal Policy Framework Understanding the Fiscal Rules Analysing UK Fiscal Policy The Public Finances and the Economic Cycle Planning and Controlling Public Spending Resource Accounting and Budgeting Assessing Long-term Sustainability The Public Sector Balance Sheet Debt Management: Theory and Practice Reforming the International Financial Architecture The EU Macroeconomic Framework An Assessment of the New Macroeconomic Policy Framework Notes Glossary of Monetary and Fiscal Policy Terms Bibliography Index

HM TREASURY, with a foreword by the Chancellor, Gordon Brown. AE(00): Foreword by the Chancellor, Gordon Brown

'A very useful and important book for students of economics and politics...the effort to gather the essence of Brown's economic policy and strategy in one source book is most welcome.' - William Keegan, The Observer 'It should be essential reading for those interested in political economy.' - Colin Thain, The British Journal of Politics and International Relations

• List of Tables List of Figures Foreword by Chancellor of the Exchequer, Gordon Brown Introduction Lessons from Past Policy Experience Overview: Key Principles for Policy Making in an Open Economy The New Monetary Policy Framework The Benefits of Maintaining Low and Stable Inflation The Specification of the Inflation Target The UK Model of Central Bank Independence: An Assessment Reforms to Financial Regulation An Overview of the New Fiscal Policy Framework Understanding the Fiscal Rules Analysing UK Fiscal Policy The Public Finances and the Economic Cycle Planning and Controlling Public Spending Resource Accounting and Budgeting Assessing Long-term Sustainability The Public Sector Balance Sheet Debt Management: Theory and Practice Reforming the International Financial Architecture The EU Macroeconomic Framework An Assessment of the New Macroeconomic Policy Framework Notes Glossary of Monetary and Fiscal Policy Terms Bibliography Index

HM TREASURY, with a foreword by the Chancellor, Gordon Brown. AE(00): Foreword by the Chancellor, Gordon Brown

'A very useful and important book for students of economics and politics...the effort to gather the essence of Brown's economic policy and strategy in one source book is most welcome.' - William Keegan, The Observer 'It should be essential reading for those interested in political economy.' - Colin Thain, The British Journal of Politics and International Relations

• List of Tables List of Figures Foreword by Chancellor of the Exchequer, Gordon Brown Introduction Lessons from Past Policy Experience Overview: Key Principles for Policy Making in an Open Economy The New Monetary Policy Framework The Benefits of Maintaining Low and Stable Inflation The Specification of the Inflation Target The UK Model of Central Bank Independence: An Assessment Reforms to Financial Regulation An Overview of the New Fiscal Policy Framework Understanding the Fiscal Rules Analysing UK Fiscal Policy The Public Finances and the Economic Cycle Planning and Controlling Public Spending Resource Accounting and Budgeting Assessing Long-term Sustainability The Public Sector Balance Sheet Debt Management: Theory and Practice Reforming the International Financial Architecture The EU Macroeconomic Framework An Assessment of the New Macroeconomic Policy Framework Notes Glossary of Monetary and Fiscal Policy Terms Bibliography Index