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SUMMARY:CF Weekly Workshop - by Mike Joyce\, Bank of England - Quantitativ
 e easing in the UK: evidence from financial markets on QE1 and QE2  - Mike
  Joyce\, Bank of England
DTSTART:20121106T170000Z
DTEND:20121106T180000Z
UID:TALK40686@talks.cam.ac.uk
CONTACT:Sheryl Anderson
DESCRIPTION:During the recent financial crisis the Bank of England\, like 
 many other central banks\, loosened monetary policy using both conventiona
 l and unconventional measures.  The main unconventional measure used by th
 e Bank was the policy of asset purchases – mainly of government bonds - 
 financed by the creation of central bank money\, so-called quantitative ea
 sing (QE).  During March 2009 to January 2010 and October 2011 to May 2012
 \, the Bank completed asset purchases of £200bn (QE1) and £125bn (QE2) r
 espectively.  The decision to resume purchases in July 2012 will mean that
  by November 2012 the Bank will have bought a total of £375bn of assets\,
  equivalent to around 25% of annual GDP.  This paper reviews the transmiss
 ion channels through which asset purchases operate and assesses the impact
  of QE1 and QE2 on financial markets.
LOCATION:Barbara White Room\, Newnham College
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