Bank of England Rational Expectations Hypothesis as promulgated by Walters The handing over of monetary policy to the Bank had been a key plank of the Liberal Democrats' economic policy since the 1992 general election. Conservative MP Nicholas Budgen had also proposed this as a private member's bill in 1996, but the bill failed as it had the support of neither the government nor the opposition. Mark Carney assumed the post of Governor of the Bank of England on 1 July 2013. He succeeded Mervyn King, who took over on 30 June 2003. Carney, a Canadian, will serve an initial five-year term rather
Mervyn Edward Archdale Mervyn Edward Archdale Mervyn Edward Archdale (27 January 1812 – 22 December 1895), known was Mervyn Edward Archdall until 1875, was an Irish soldier, High Sheriff and MP. He was born the eldest son of Edward Archdall of Riversdale, County Fermanagh, who had been Sheriff of Fermanagh in 1813. He was educated at private schools in England and Brasenose College, Oxford, where he matriculated in 1830 but did not graduate. He joined the 6th (Inniskilling) Dragoons, becoming a cornet in 1832, a lieutenant in 1835 and a captain in 1841. He retired on half pay in 1847. In 1834 was