Economic Affairs Committee
Quantitative easing: a dangerous addiction?
1st Report of Session 2019-21 - published 16 July 2021 - HL Paper 42
Contents
Figure 1: Quantitative easing transmission mechanisms
Figure 3: Bank of England QE programmes and selected policy interventions since 2009
Figure 4: Bank of England bond purchases by the month that new purchases were announced
Figure 5: Bank of England balance sheet as a percentage of GDP
Chapter 2: Impact of quantitative easing
Effectiveness of quantitative easing
Chapter 3: QE and the COVID-19 pandemic
Independence and accountability
Allegations of deficit financing
Figure 6: Bank of England quantitative easing and Government borrowing requirements
Chapter 4: The future of quantitative easing
Figure 7: Bank of England inflation forecasts and CPI annual inflation rate, 2021 (%)
Asset Purchase Facility and the indemnity
Figure 8: Stylised Asset Purchase Facility cash flows
The effect on the public finances
Figure 9: Effects of the Asset Purchase Facility on the public finances
Figure 10: Mean maturity and redemption distribution of gilts
Summary of conclusions and recommendations
Appendix 1: List of Members and declarations of interest
Evidence is published online at https://committees.parliament.uk/work/993/quantitative-easing/ and available for inspection at the Parliamentary Archives (020 7219 3074).
Q in footnotes refers to a question in oral evidence.