quantitative easing

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...
Publication date: 31 Mar 2017 | Publication type: Policy Paper | Theme: Macroeconomics | Authors: Armstrong, A | Report number: 3
This is the third in our our new Policy Paper series, written by members of the National Institute of Economic and Social Research to specifically address a public policy issue. These may be evidence submitted to a public or parliamentary enquiry or policy research commissioned by a third party...
Publication date: 31 Mar 2017 | Publication type: Policy Paper | Theme: Macroeconomics | Authors: Farmer, R | Report number: 2
UK monetary policy, following the 2008 recession, was effective at preventing the crisis from having a bigger effect than it otherwise might have done. As a result of experimenting with quantitative easing (an expansion in the Bank’s balance sheet) and qualitative easing (a change in the risk...
Publication date: 31 Jan 2017 | Publication type: Policy Paper | Theme: Macroeconomics | Authors: Allen, B | Report number: 1
This is the first in our our new Policy Paper series, written by members of the National Institute of Economic and Social Research to specifically address a public policy issue. These may be evidence submitted to a public or parliamentary enquiry or policy research commissioned by a third party...
Publication date: 4 Nov 2015 | Publication type: National Institute Economic Review | Authors: Warren, J, Meaning, J | JEL classification: E520, E580, E630 | Journal: National Institute Economic Review Issue 234 | Publisher: Sage Publications, London
Through its quantitative easing programme the Bank of England has looked to manage the supply of nominal UK government securities in order to lower interest rates. In doing so it has removed more than 25 per cent of the overall supply of those securities from the publicly accessible market. The...
Publication date: 4 Nov 2015 | Publication type: National Institute Economic Review | External authors: Chadha, J S | JEL classification: E52, E58, N1 | Journal: National Institute Economic Review Issue 234 | Publisher: Sage Publications, London
This article outlines some of the intellectual lessons learnt by central bankers during the financial crisis. The key question is whether a broader range of policy options than simple inflation targeting has to be considered in order to limit instability. Interactions with overseas pools of savings...