Tuesday, August 24, 2010

During BoE private moments, the theme is inflation and interest rate supression

The BoE behind closed doors – surprisingly philosophical

http://www.bankofengland.co.uk/publications/other/monetary/roundtable/100823.pdf (summarised in the FT AV article). Also posted here for discussion: http://www.housepricecrash.co.uk/forum/index.php?showtopic=149863

Posted by easybetman @ 10:19 AM (1151 views)
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2 thoughts on “During BoE private moments, the theme is inflation and interest rate supression

  • “The events follow the Chatham House Rule – which means none of the opinions or discussions are attributed to any individuals.”

    Can you see what it is yet?

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  • Two interesting passages from this:

    “Overall, there was broad agreement that QE would continue to be a valid monetary policy instrument if it had to be used again, even if the circumstances were different.”


    “Furthermore, there was the question of intergenerational equity. One perspective on this was that risk should be shared out across generations: a single generation should not be expected to bear all the costs of having the bad luck to experience a war or a financial crisis directly.”

    Bad luck! The financial crisis was not back luck.
    So they say it ought to be fine to expect the kids to pay when their predecessors mess up.

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