Farmer says ‘qualitative easing' should be a permanent tool
The Bank of England (BoE) today published a speech by Roger Farmer, senior Houblon-Norman fellow at the BoE and distinguished professor at the University of California, Los Angeles, calling for strategic asset purchases to become a "permanent component" of the monetary policy tool kit.
The speech, delivered in October in memory of former BoE economist John Flemming, draws on a distinction made by former BoE monetary policy committee member Willem Buiter, between "quantitative and qualitative
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