QE helped boost broad money growth: BoE paper
A Bank of England paper, published in the first Quarterly Bulletin for 2011, shows the Bank's asset purchase programme successfully boosted broad money growth and subsequent domestic demand.
Jonathan Bridges, Neil Rossiter and Ryland Thomas, the paper's authors, investigate the recent weakness in broad money growth in the UK by examining the path of broad money velocity and its implications on future nominal spending and inflation. They note the growth of broad money in the UK economy slowed
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