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As part of its continuing scrutiny of monetary policy, the Treasury Committee today called for written evidence in response to the Bank of England’s paper - the Distributional Effects of Asset Purchases - that was published on 23 August in response to a recommendation contained within the Committee’s 2012 Budget report.
Evidence should be submitted by 1 November, 2012.
Chairman's Comments:
Some people may be worse off as a result of Quantitative Easing. The impact - on the economy as a whole as well as on individuals - of QE requires careful scrutiny. The Treasury Committee will make sure that as much transparency as possible is brought to bear on QE’s effectiveness, the winners and losers created by it and its cost to the taxpayer.