debt management

Publication date: 2 Aug 2017 | Publication type: National Institute Economic Review | Theme: Macroeconomics, Britain & Finance | External authors: Allen, W A | JEL classification: E52, E58, E63 | Journal: National Institute Economic Review Issue 241 | Publisher: Sage Publications, London
This paper argues that the Bank of England’s independence in monetary policy has been compromised as a result of quantitative easing (QE) and makes practical suggestions for restoring it as far as possible, by transferring the gilts that the Bank has bought to the Debt Management Office of the...