Monetary Policy of Quantitative Easing in United Kingdom

Coroiu Sorina Ioana ()
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Coroiu Sorina Ioana: West University of Timisoara University of Oradea

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 711-715

Abstract: In the context of economic crisis, monetary policy makers are facing several challenges, the most important being the selection and implementation of the best monetary policy. Lately, monetary policy recoursed increasingly to the use of unconventional measures, as more conventional measures had largely lost their effectiveness. Quantitative Easing is one the most widely used measure of unconventional monetary policy. This article presents the measures taken along the recent crisis, to ensure an overview of the main theoretical aspects that encourage the use of unconventional measures and to highlight their efficiency, focusing on those adopted by the Bank of England. It describes the Bank’s asset purchase programme, that began in 2009, in response to the intensification of the financial crisis.

Keywords: monetary policy; quantitative easing; crisis; UK. (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:1:p:711-715

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