Goodhart, Charles and Ashworth, Jonathan (2011) The Bank of England’s second round of quantitative easing may do little to improve economic confidence or to encourage bank lending, and may even lead to more upward pressures on inflation. British Politics and Policy at LSE (14 Oct 2011) Blog Entry.
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The Bank of England recently announced its decision to inject £75 billion into the economy in its second round of quantitative easing since 2009. Former Monetary Policy Committee member Charles Goodhart OBE FBA and Morgan Stanley’s Jonathan Ashworth argue that while there is still scope to boost the economy, the Bank’s aggressive policy is unlikely to dramatically improve confidence in the UK economy or spur bank lending, and could lead to upward pressures on inflation.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2011 The Authors|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
|Journal of Economic Literature Classification System:||G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
|Sets:||Collections > British Politics and Policy at LSE
Research centres and groups > Financial Markets Group (FMG)
|Date Deposited:||08 Nov 2011 14:46|
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