BoE weighs distributional effects of QE


A paper published by the Bank of England (BoE) today (August 23), examined the implications of quantitative easing (QE) for distributions of wealth, suggesting the economy would have been worse off without the actions but individual effects had differed.

"Without the loosening in monetary policy, it is likely that the economic downturn would have been far more severe," the paper said. However, QE pushed up both the prices of gilts and other assets, increasing household wealth but reducing the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: