Lyonnet, Victor; Werner, Richard A. - 2011 - This Version: June 29, 2011
This paper investigates the effectiveness of the "quantitative easing" policy, as implemented by the Bank of England in … measured by the impact of Bank of England policies (including, but not limited to QE) on nominal GDP growth - the declared goal … of the policy, according to the Bank of England. Unlike the majority of the literature on the topic, the general …