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Ramsden: QE as an economic policy tool - what does it do and how should we use it?
It’s a pleasure to be speaking today at the University of Birmingham, and an honour to be doing so at the third Peter Sinclair Town Hall lecture. My focus today is on quantitative easing – QE for short – and its use as an economic policy tool. The Bank of England’s internal Independent Evaluation Office (IEO) published its own evaluation of QE earlier this year, where it noted that “there remain open debates about how QE works in different states of the world, its broader interlinkages and its potential limitations”.1 What I want to use my lecture for today is to set out my own views on QE as a policy ... (full story)
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Ramsden
— stewart hampton (@stewhampton) February 17, 2021
I said in a speech I gave in
October that we had QE “headroom” remaining28
. And although we have announced £150bn more QE since
then, that still remains the case
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BoE's Ramsden says if needed the BoE could re-evaluate some of its self-imposed constraints on gilt purchases to create more headroom
— DailyFX Team Live (@DailyFXTeam) February 17, 2021
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Reminder that this was the most pertinent comment that Ramsden made during the Feb MPR Presser pic.twitter.com/ffvMrpd20n
— DailyFX Team Live (@DailyFXTeam) February 17, 2021