IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/129340.html
   My bibliography  Save this paper

The Bank of England’s Asset Purchase Facility: fiscal impacts and proposals to expand the UK Government’s fiscal space

Author

Listed:
  • Claeys, Irene
  • Barmes, David
  • Suresh Kumar, Ram Smaran

Abstract

The Bank of England created the Asset Purchase Facility (APF) after the global financial crisis of 2007–08 to implement its quantitative easing (QE) programme. However, the Bank’s recent tightening of monetary policy has caused the APF to incur substantial losses, at great cost to the public finances. This policy brief examines the policy options available to minimise this fiscal burden and create savings that could be directed elsewhere – including towards green investment projects that are vital to creating jobs and facilitating the UK’s net zero transition.

Suggested Citation

  • Claeys, Irene & Barmes, David & Suresh Kumar, Ram Smaran, 2024. "The Bank of England’s Asset Purchase Facility: fiscal impacts and proposals to expand the UK Government’s fiscal space," LSE Research Online Documents on Economics 129340, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:129340
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/129340/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:129340. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.