Strategic quantitative easing: Stimulating investment to rebalance the economy

Risultato della ricerca: Other contribution

Abstract

The Bank of England’s programmes of Quantitative Easing (QE) and Funding for Lending (FLS) are failing to stimulate GDP and rebalance the economy. Both policies falsely assume that the UK’s risk-averse capital markets, corporate sector and constrained banking system can be nudged into supporting the productive economy. We propose a new approach: one that channels investment directly into new housing, infrastructure and SME lending, boosting productivity and exports. QE must become less scattergun and more strategic, with reformed governance structures to match.
Lingua originaleEnglish
Numero di pagine72
Stato di pubblicazionePublished - 2013

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