I'm not going to go through Chris Giles (FT) calculations of the cost(s) of the BoE's programme of quantitive easing (QE) in the wake of the global financial crisis, but here's his conclusion:
'There is absolutely no evidence that UK QE was more effective than that in the Eurozone & the US, but it cost two to three times as much'!
Again, Britain overpays & others (seemingly private & foreign central banks) profit
[link, but I know there's a paywall]
#economics
https://www.ft.com/content/0582ad32-6617-4d76-abae-e682561f0ed5.
Emeritus Prof Christopher May /
npub12p…zzvxn
2024-06-25 18:18:17
Author Public Key
npub12pw99cs5a6j6r56yafxt355j8h38hhw6fh3zwunhj99m3gv3nfds7zzvxnSeen on
wss://relay.noswhere.comPublished at
2024-06-25 18:18:17Event JSON
{
"id": "4a4e4429f1916d960acc753e714fb7eab4e3936ccc4f50f44a008753f85714d2",
"pubkey": "505c52e214eea5a1d344ea4cb8d2923de27bddda4de2277277914bb8a1919a5b",
"created_at": 1719339497,
"kind": 1,
"tags": [
[
"proxy",
"https://zirk.us/@ChrisMayLA6/112678633314465588",
"web"
],
[
"t",
"economics"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/112678633314465588",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://zirk.us/users/ChrisMayLA6/statuses/112678633314465588",
"pink.momostr"
],
[
"expiration",
"1721931500"
]
],
"content": "I'm not going to go through Chris Giles (FT) calculations of the cost(s) of the BoE's programme of quantitive easing (QE) in the wake of the global financial crisis, but here's his conclusion:\n\n'There is absolutely no evidence that UK QE was more effective than that in the Eurozone \u0026 the US, but it cost two to three times as much'!\n\nAgain, Britain overpays \u0026 others (seemingly private \u0026 foreign central banks) profit\n\n[link, but I know there's a paywall]\n\n#economics\n\nhttps://www.ft.com/content/0582ad32-6617-4d76-abae-e682561f0ed5.",
"sig": "f7aa0cd12f8f335b16f5d2f53c6119b258a1d0b9f837e0f281f04f69526cd55876133f609ade36a6df17db1f063f7a89038debf74856f850df15758a2749b0db"
}