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Accounting for policy change through multi-level analysis: the reform of the Bank of England in the post-war era

机译：通过多层次分析应对政策变化：战后英格兰银行的改革

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This article examines the post-war institutional reform of the Bank of England. In 1946, the Attlee government nationalised the Bank of England as the first of a series of measures for public ownership. In 1997, some five decades on, the Blair government reversed this arrangement as its' first task in office, granting the Bank of England operational independence. Drawing on models of policy change an inductive analysis is undertaken of the factors that brought about these policies to shed light on their analogous nature. This involves the development of a multilevel explanation of policy change which integrates policy transfer analysis with incrementalism and the policy streams approachcs. The empirical investigation explores the marginal changes to monetary policy leading to the decisions, the exogenous basis underlying the reforms and issues of economic control and credibility for the Labour Party. It observes that a combination of these dynamics was critical to the ensuing institutional adjustments in the status of the central bank.
机译：本文考察了英格兰银行的战后体制改革。 1946年，艾德礼（Attlee）政府将英格兰银行（Bank of England）收归国有，这是一系列公有制措施的第一步。 1997年，大约五十年来，布莱尔政府扭转了这一安排，将其作为第一任任期，赋予英格兰银行运营独立性。利用政策变化模型，对导致这些政策的因素进行归纳分析，以阐明其相似性。这涉及对政策变更的多层次解释的发展，该解释将政策转移分析与增量主义和政策流方法集成在一起。实证研究探索了导致决策的货币政策的边际变化，以及改革和工党经济控制和信誉问题的外在基础。它观察到，这些动态的结合对于随后的中央银行地位的机构调整至关重要。

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