Quantitative Easing Is Back – But Will It Help the Real Economy?
Josh Ryan-Collins | 15 August 2016
Monetary,
Blog | Tags:
QE Last week the Bank of England surprised commentators with the scale of its post-Brexit monetary stimulus package. It included a new £70bn round of quantitative easing (QE), the first since 2012, as well as the more widely predicted 0.25% cut to interest rates. The idea
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The Distributional Implications of the Crisis and Policy Responses
William White | 8 December 2015
Monetary,
Blog | Tags:
Inequality,
QE The conduct of monetary policy over the last few years is totally unprecedented. Efforts have been made to influence all parts of the term structure of interest rates and credit spreads as well. Policy rates have been reduced essentially to zero. Forward guidance has also
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Monetary Policy and the Distribution of Income and Wealth
September 11-12, 2015 Monetary,
Workshops | Tags:
Inequality,
Inflation,
QE There has been intense focus recently on inequality in income and wealth across and within countries. Both developed and developing countries have experienced a marked increase in the gap between high and low income households, as well as an increase in the concentration of income
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Should the ECB Helicopter Adjust Its Dropping Zone?
Pierre Monnin | 4 February 2015
Monetary,
Blog | Tags:
Inequality,
QE “Let us suppose that one day a helicopter flies over this community and drops an additional $1000 in bills from the sky…” This pleasant image conveyed by Milton Friedman’s famous metaphor is taken to new heights by Mario Draghi, who promised to inject €60 billion
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Does Unconventional Monetary Policy Affect Inequality? Evidence from Japan
Ayako Saiki and
Jon Frost | 17 October 2014
Monetary,
Working Papers | Tags:
Inequality,
QE Inequality has been largely ignored in the literature and practice of monetary policy, but is gaining more attention recently. Here, we exclusively focus on the impact of unconventional monetary policy (UMP) on inequality. We look at how the recent UMP in Japan affected inequality, using
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