Getting Credit Flowing: A Non-Monetarist Approach to Quantitative Easing - speech by Adam Posen

In his first speech as an external member of the Bank of England Monetary Policy Committee, Adam Posen discusses some of the issues arising from the introduction of quantitative easing (QE) this year.
Published on 26 October 2009

Speaking at Cass Business School, London, Dr Posen argues that the impact of unconventional monetary policy on the economy is likely to be positive even though it is not possible to be precise about the size or timing of its impact. He says there is no evidence to support the conclusion that quantitative easing will lead to unacceptably high inflation.

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