QE at the Bank of England: a perspective on its functioning and effectiveness
Filippo Busetto (),
Matthieu Chavaz (),
Maren Froemel (),
Michael Joyce (),
Iryna Kaminska and
Jack Worlidge ()
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Filippo Busetto: Bank of England
Matthieu Chavaz: Bank of England
Maren Froemel: Bank of England
Michael Joyce: Bank of England
Jack Worlidge: Bank of England
Bank of England Quarterly Bulletin, 2022, vol. 62, issue 1, 2-2
Abstract:
Quantitative easing (QE) has become an important instrument of monetary policy for central banks, including the Bank of England. This article reviews the available evidence on the impact of QE and draws out lessons from that experience for the design and conduct of monetary policy. The article was written in response to a recommendation of the Bank’s Independent Evaluation Office last year that the Bank should periodically update technical audiences on its latest collective thinking on QE.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0267
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