Restoring fiscal credibility

Tim Besley of the London School of Economics – and a former member of the Bank of England’s Monetary Policy Committee (MPC) – talks to Romesh Vaitilingam about the idea of creating a politically neutral, expert body to ensure the proper long-term scrutiny of a country’s public finances – by analogy with the UK’s MPC, a Fiscal Policy Committee. The interview was recorded in London in February 2010.