期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2015
卷号：15
期号：1
语种：English
出版社：Ovidius University Press
摘要：In the context of economic crisis, monetary policy makers are facing several challenges, the most important being the selection and implementation of the best monetary policy. Lately, monetary policy recoursed increasingly to the use of unconventional measures, as more conventional measures had largely lost their effectiveness. Quantitative Easing is one the most widely used measure of unconventional monetary policy. This article presents the measures taken along the recent crisis, to ensure an overview of the main theoretical aspects that encourage the use of unconventional measures and to highlight their efficiency, focusing on those adopted by the Bank of England. It describes the Bank’s asset purchase programme, that began in 2009, in response to the intensification of the financial crisis.
