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Monetary Policy of Quantitative Easing in United Kingdom

Author

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  • Coroiu Sorina Ioana

    (West University of Timisoara University of Oradea)

Abstract

In the context of economic crisis, monetary policy makers are facing several challenges, the most important being the selection and implementation of the best monetary policy. Lately, monetary policy recoursed increasingly to the use of unconventional measures, as more conventional measures had largely lost their effectiveness. Quantitative Easing is one the most widely used measure of unconventional monetary policy. This article presents the measures taken along the recent crisis, to ensure an overview of the main theoretical aspects that encourage the use of unconventional measures and to highlight their efficiency, focusing on those adopted by the Bank of England. It describes the Bank’s asset purchase programme, that began in 2009, in response to the intensification of the financial crisis.

Suggested Citation

  • Coroiu Sorina Ioana, 2015. "Monetary Policy of Quantitative Easing in United Kingdom," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 711-715, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:711-715
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    More about this item

    Keywords

    monetary policy; quantitative easing; crisis; UK.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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