Category: The distributional effects of asset purchases

Sep 11

“Winding and unwinding extraordinary monetary policy”. A comment on the Scottish Economic Society’s annual lecture, September 11th 2012

Honestly, it wasn’t just the prospect of free wine and canapés that attracted me to the annual lecture of the Scottish Economic Society, hosted by RBS at the Royal Museum of Edinburgh tonight. I was genuinely interested in the subject, “Winding and Unwinding Extraordinary Monetary Policy”, particularly as it was given by a distinguished member …

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Aug 25

The Bank of England’s report on the distributional effects of asset purchases: an independent assessment

The Bank of England’s report to the Treasury on August 23rd, The Distributional Effects of Asset Purchases, looks flimsy at best. Gone are the bold claims made for Quantitative Easing when it was first launched back in 2009. QE will boost bank lending to business…… That doesn’t seem to have happened. ….and stimulate business investment. …

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