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mixed good (DO)<br />A good with the characteristics of both PRIVATE and PUBLIC GOODS.<br /><em>See also:</em> club good

alleviation (02)<br />A DEVELOPMENT strategy of softening POVERTY, not eliminating it; for example, by giving every child primary education and every mother health care.

Radcliffe Report (E5, G2)<br />A Royal Commission report, published in 1959, on the working of the UK monetary system. It promulgated the view that money is only one ASSET in the spectrum of LIQUIDITY and that, as its VELOCIIT OF CIRCULATION is unstable, the control of it is incidental to interest rate policy. Although opposed to the control of the money supply, given the sophistication of the post-war UK financial system, from day to day it recommended that interest rates should be used rather than credit controls as instruments of MONETARY POLICY: this was difficult to achieve given the need for stable interest rates to maintain an orderly gilts market. It also suggested changes in monetary statistics.<br /><em>Reference</em><br />Committee on the Working of the Monetary System (1959) Report, London: HMSO, Cmnd 827.

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