Bank of England's response to the report, Quantitative easing: a dangerous addiction?
- HC No.
- —
- Published
- 17 Sep 2021
- Items
- 0
- Response
- No response document linked
Select Committee · Economic Affairs Committee
Quantitative Easing
Status: Closed
Opened: 27 Jan 2021
Closed: 15 Nov 2021
2 reports
Inquiry scope
The Committee will examine Quantitative Easing in the context of the Bank of England’s operational independence, its accountability and the transparency of its decision-making. The Committee will also examine the economic effects of Quantitative Easing, what risks are entailed, its distributional impacts and the future of the programme. You can read the inquiry's call for evidence here: https://committees.parliament.uk/call-for-evidence/381/quantitative-easing/Reports
1st Report - Quantitative easing: a dangerous addiction?
- HC No.
- —
- Published
- 16 Jul 2021
- Items
- 0
- Response
- Response document linked Read government response ↗
Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 18 May 2021 | Andrew Bailey · Bank of England, Ben Broadbent · Bank of England, Sir David Ramsden · Bank of England | View ↗ |
| 27 Apr 2021 | Donald Kohn · Bank of England, Lord Macpherson of Earl’s Court · HM Treasury, Otmar Issing · Center for Financial Studies, Rt Hon Ed Balls · King’s College London | View ↗ |
| 20 Apr 2021 | Lee Buchheit · Queen Mary University of London, Masaaki Shirakawa · Bank of Japan, William Allen · National Institute of Economic and Social Research (NIESR) | View ↗ |
| 13 Apr 2021 | Anjalika Bardalai · TheCityUK, Christina Parajon Skinner · The Wharton School of the University of Pennsylvania, Richard Butcher · Pensions and Lifetime Savings Association, The Rt Hon. the Lord Tyrie · Treasury Select Committee | View ↗ |
| 23 Mar 2021 | Daniel Gros · Centre for European Policy Studies, Peter Praet · European Central Bank, Stephen G. Cecchetti · Brandeis International Business School | View ↗ |
| 16 Mar 2021 | Adam Posen · Peterson Institute for International Economics, Charles Goodhart CBE FBA · London School of Economics (LSE), Kenneth Rogoff · Harvard University, The Lord Turner of Ecchinswell | View ↗ |
| 2 Mar 2021 | Alistair Darling, Dr Mohamed El-Erian · Allianz, Rupert Harrison · BlackRock | View ↗ |
| 23 Feb 2021 | Adrian Grey · Insight Investment, Melissa Davey · Bank of England, Nigel Wilson · Legal and General | View ↗ |
| 9 Feb 2021 | Fran Boait · Positive Money, James Smith · Resolution Foundation, Liam Halligan · The Telegraph, Professor Özlem Onaran · University of Greenwich, Professor Tim Congdon CBE · University of Buckingham | View ↗ |
| 2 Feb 2021 | Chris Giles · Financial Times, Philip Aldrick · The Times, Professor Daniela Gabor · UWE Bristol, Sir Paul Tucker · Bank of England | View ↗ |
Who gave evidence
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| Witness | Organisation | Sessions |
|---|---|---|
| Adam Posen · President | Peterson Institute for International Economics | 1 |
| Adrian Grey · Global Chief Investment Officer | Insight Investment | 1 |
| Alistair Darling | — | 1 |
| Andrew Bailey · Governor | Bank of England | 1 |
| Anjalika Bardalai · Chief Economist | TheCityUK | 1 |
| Ben Broadbent · Deputy Governor for Monetary Policy | Bank of England | 1 |
| Charles Goodhart CBE FBA · Emeritus Professor of Banking and Finance | London School of Economics (LSE) | 1 |
| Chris Giles · Economics Editor | Financial Times | 1 |
| Christina Parajon Skinner · Assistant Professor of Legal Studies & Business Ethics | The Wharton School of the University of Pennsylvania | 1 |
| Daniel Gros · Distinguished Fellow | Centre for European Policy Studies | 1 |
| Donald Kohn · former Financial Policy Committee member | Bank of England | 1 |
| Dr Mohamed El-Erian · Chief Economic Adviser | Allianz | 1 |
| Fran Boait · Executive Director | Positive Money | 1 |
| James Smith · Research Director | Resolution Foundation | 1 |
| Kenneth Rogoff · Professor of Economics and Thomas D. Cabot Professor of Public Policy | Harvard University | 1 |
| Lee Buchheit · Visiting Professorial Fellow | Queen Mary University of London | 1 |
| Liam Halligan · Economics Correspondent | The Telegraph | 1 |
| Lord Macpherson of Earl’s Court · former Permanent Secretary | HM Treasury | 1 |
| Masaaki Shirakawa · former Governor (2008-2013) | Bank of Japan | 1 |
| Melissa Davey · Director, Independent Evaluation Office | Bank of England | 1 |
| Nigel Wilson · Chief Executive Officer | Legal and General | 1 |
| Otmar Issing · President | Center for Financial Studies | 1 |
| Peter Praet · former Chief Economist | European Central Bank | 1 |
| Philip Aldrick · Economics Editor | The Times | 1 |
| Professor Daniela Gabor · Professor of Economics and Macro-Finance | UWE Bristol | 1 |
| Professor Tim Congdon CBE · Founder and Chairman, Institute of International Monetary Research | University of Buckingham | 1 |
| Professor Özlem Onaran · Professor of Economics and Director of Greenwich Political Economy Research Centre | University of Greenwich | 1 |
| Richard Butcher · Chair | Pensions and Lifetime Savings Association | 1 |
| Rt Hon Ed Balls · Professor of Political Economy | King’s College London | 1 |
| Rupert Harrison · Portfolio Manager and Chief Macro Strategist in the Multi-Asset Strategies group | BlackRock | 1 |
| Sir David Ramsden · Deputy Governor for Markets and Banking | Bank of England | 1 |
| Sir Paul Tucker · Former Deputy Governor | Bank of England | 1 |
| Stephen G. Cecchetti · Rosen Family Chair in International Finance | Brandeis International Business School | 1 |
| The Lord Turner of Ecchinswell | — | 1 |
| The Rt Hon. the Lord Tyrie · former Chair (2010-2017) | Treasury Select Committee | 1 |
| William Allen · Visitor | National Institute of Economic and Social Research (NIESR) | 1 |
Correspondence
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| Published | Direction | Letter |
|---|---|---|
| 6 Jul 2021 | To committee | Letter from the Chancellor of the Exchequer, Rt Hon. Rishi Sunak MP, to the Chair (2 July 2021) |
| 6 Jul 2021 | To committee | Letter from the Chair to the Chancellor of the Exchequer, Rt Hon. Rishi Sunak MP (15 June 2021) |
| 11 Jun 2021 | To committee | Letter from the Chancellor of the Exchequer, Rt Hon. Rishi Sunak MP, to the Chair (10 June 2021) |
| 11 Jun 2021 | To committee | Letter from the Deputy Governor of the Bank of England, Ben Broadbent, to the Chair (4 June 2021) |
| 11 Jun 2021 | To committee | Letter from the Governor of the Bank of England, Andrew Bailey, to the Chair (1 June 2021) |
| 11 Jun 2021 | To committee | Letter from the Chair to the Governor of the Bank of England, Andrew Bailey (28 May 2021) |
| 11 Jun 2021 | To committee | Letter from the Chair to the Chancellor of the Exchequer, Rt Hon. Rishi Sunak MP (28 May 2021) |
| 26 May 2021 | To committee | Letter from the Chair to the Chancellor of the Exchequer, Rt Hon. Rishi Sunak MP (26 May 2021) |
Meetings & visits
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| Date | Type | Detail | Source |
|---|---|---|---|
| 6 Jul 2021 | Formal meeting (private meeting) | — · Virtual meeting | |
| 1 Jul 2021 | Formal meeting (private meeting) | — · Virtual meeting | |
| 29 Jun 2021 | Formal meeting (private meeting) | — · Virtual meeting | |
| 25 May 2021 | Formal meeting (private meeting) | — · Virtual meeting | |
| 22 Apr 2021 | Formal meeting (private meeting) | — · Virtual meeting |