IDEAS home Printed from https://ideas.repec.org/p/nsr/niesrp/3.html
   My bibliography  Save this paper

Treasury Select Committee Inquiry Into The Effectiveness And Impact Of Post-2008 UK Monetary Policy

Author

Listed:
  • Angus Armstrong

Abstract

In January 2009, the Chancellor authorised the Bank of England to purchase financial assets, predominantly government bonds, financed by issuing central bank reserves. Since March 2009 the Bank's Monetary Policy Committee (MPC) has purchased £435bn of government bonds (equivalent to 23 per cent of 2016 nominal GDP). In August 2016 the MPC also announced purchases of up to £10bn of corporate bonds.

Suggested Citation

  • Angus Armstrong, 2017. "Treasury Select Committee Inquiry Into The Effectiveness And Impact Of Post-2008 UK Monetary Policy," National Institute of Economic and Social Research (NIESR) Policy Papers 03, National Institute of Economic and Social Research.
    • Handle: RePEc:nsr:niesrp:3
    as

    Download full text from publisher

    File URL: https://www.niesr.ac.uk/wp-content/uploads/2021/10/NIESRPP003-4.pdf?ver=2eA0GakLrMMBMQPpoo12
    Download Restriction: no
    ---><---

    More about this item

    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:nsr:niesrp:3. 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: Library & Information Manager (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.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.