Economics A-Level
Economic governance
What Economic governance means in Economics A-Level, as defined for AQA.
Definition of Economic governance
Check what you remember
Read the wording for your board, then hide it and explain Economic governance in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The government sets the objectives while the Bank of England independently implements monetary policy, and the Governor must write an open letter to the Chancellor if inflation deviates beyond the margin.
Topics that use Economic governance
- Central banks and monetary policy (AQA A-Level)
Related terms
- Aggregate demand
- Credit creation
- Economic indicators
- Exchange rates
- Financial stability
- Hot money flows
- Inflation
- Inflation forecasting
Using Economic governance in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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