Quantitative easing and the U.K. economy

Kees De Koning ()

MPRA Paper from University Library of Munich, Germany

Abstract: The Bank of England started with Quantitative Easing in 2009 and bought U.K. Gilts for £445 billion. The Bank subsequently bought a further £450 billion. The Bank recently increased its key interest rate to 3%. The pressure on household's budgets is immense. This paper proposes a different approach. Instead of QE aimed at increasing costs of borrowing, it proposes to use home equity - savings made in the past - to be used instead. Why and how this can be done is explained in this paper.

Keywords: quantitative easing; home equity as a source of economic growth (search for similar items in EconPapers)
JEL-codes: E2 E21 E31 E4 E44 E52 E58 (search for similar items in EconPapers)
Date: 2022-11-05
New Economics Papers: this item is included in nep-ban and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115288

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