Tag: QE

Why Monetary Policy Should Go Green

| 19 May 2017
Blog, External, Monetary | Tags: Climate Change, Collateral Frameworks, Green Finance, QE
Guest Post, FT Alphaville. Monetary policy is rarely a topic in debates on green finance. It should. The €60bn that the European Central Bank is currently injecting into financial markets on a monthly basis are a case in point. Its intervention amounts to nearly three ... continue reading

Aggregate and Distributive Effects of Unconventional Monetary Policies

Upcoming: 9-10 November, 2017
Monetary, Workshops | Tags: Inequality, Inflation, Interest Rates, QE
Co-organized with the Swiss National Bank and the Study Center Gerzensee ... continue reading

Monetary Policy, Macroprudential Regulation and Inequality

3-4 October 2016
Monetary, Workshops | Tags: Financial Stability, Inequality, Inflation, Interest Rates, Macroprudential, QE
Co-organized with the International Monetary Fund ... continue reading

Quantitative Easing Is Back – But Will It Help the Real Economy?

| 15 August 2016
Blog, Monetary | 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 ... continue reading

The Distributional Implications of the Crisis and Policy Responses

| 8 December 2015
Blog, Monetary | 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 ... continue reading