FT: Bank Struggles to gauge if QE is taking effect
August 20, 2009 at 09:57 AM EDT
[Skip to the end] > > On Thu, Aug 20, 2009 at 4:11 AM, Marshall wrote: > > Maybe the BofE is having problems because it is looking at this through the wrong > monetary paradigm. All QE is doing is switching one form of debt term structure > for another, not actually contributing to aggregate demand. If they figured that > out, they wouldn’t [...]