tag:blogger.com,1999:blog-6704573462403312459.post7747025163734106517..comments2024-03-28T06:53:23.473-04:00Comments on Moneyness: A history of the pound sterling's medium-of-accountJP Koninghttp://www.blogger.com/profile/02559687323828006535noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6704573462403312459.post-45469752094557651472013-04-15T01:04:25.194-04:002013-04-15T01:04:25.194-04:00Nіce poѕt. I learn something totаlly new аnd chall...Nіce poѕt. I learn something totаlly new аnd challenging on <br />ѕites I stumbleupon everyԁay. It's always useful to read through content from other authors and use something from their sites.<br /><br />Also visit my webpage: <a href="http://williamsloans.co.uk/" rel="nofollow">payday loans</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-68078866449387489222012-12-17T17:43:56.389-05:002012-12-17T17:43:56.389-05:00Excellent. This post is all about being pedantic s...Excellent. This post is all about being pedantic so I'm happy that you're joining in. [http://en.wikipedia.org/wiki/RPIX].<br /><br />The gaps interest me too. Is it fair to say that there was no medium-of-account during these gaps, or is it simply that the MOA wasn't made public? You give the example of a shadow NGDP target in the 1980s. Perhaps certain high level bureaucrats had an idea in their heads for how the unit was to be defined, and the rest of us were all left guessing?<br /><br /><a href="http://www.scribd.com/doc/117170937/Pumphrey-The-Exchange-Equalization-Account-of-Great-Britain-1932-39" rel="nofollow">This article</a> is interesting too... it talks about the gap between 1931-1940. Speculators tried to ferret out the medium of account by piecing together the EEA's short term actions. JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-86925192935350368202012-12-17T16:45:49.605-05:002012-12-17T16:45:49.605-05:00Nice post. The pedant in me feels obliged to poin...Nice post. The pedant in me feels obliged to point out that the RPIX index was the nominal anchor between 1992 and 2003, a slightly different index to the CPI <br />used from 2003.<br /><br />I find the "gaps" very interesting, particularly the 1980s. There was even a nice hint that HM Treasury considered NGDP as a nominal anchor in the late 80s, see third PDF page 11 here:<br /><br />http://www.hm-treasury.gov.uk/foi_introduction_of_inflation_targets_2005.htm<br />Britmousehttp://uneconomical.wordpress.com/noreply@blogger.com