Monetary Policy Responses to the 2008 Financial Crisis: Quantitative Easing Evidence in the United Kingdom

2017 ◽  
Author(s):  
Ali Ashraf ◽  
Walter J. Lane ◽  
Kabir M. Hassan
Keyword(s):  
Monetary Policy ◽  
United Kingdom ◽  
Financial Crisis ◽  
Quantitative Easing ◽  
2008 Financial Crisis ◽  
Policy Responses ◽  
The United Kingdom ◽  
The 2008 Financial Crisis

Field Heteronomy and Contingent Expertise: The Case of International Tax Justice

2021 ◽  
Author(s):  
Michael Vaughan
Keyword(s):  
Financial Crisis ◽  
International Taxation ◽  
Field Analysis ◽  
2008 Financial Crisis ◽  
Diverse Range ◽  
The United Kingdom ◽  
Field Boundaries ◽  
International Tax ◽  
The 2008 Financial Crisis ◽  
Depth Interviews

Abstract The international tax system is targeted by a diverse range of networked civil society actors, from critical professionals mobilizing their expertise to anti-austerity protestors targeting the consequences of tax dodging. The years following the 2008 financial crisis saw an increase in the range of these actors and their cooperation with one another. This paper argues that a transnational field analysis complements existing expertise-oriented approaches, by identifying the overarching objective of the tax justice agenda as increasing heteronomy in the international taxation field relative to political fields. This objective requires the mobilization of diverse resources across different fields, resulting in network relationships crossing field boundaries to contest inter-field relations, rather than any single bounded field struggle. The findings are supported by an analysis of tax justice advocacy after the 2008 financial crisis in the United Kingdom and Australia, including thirty-seven in-depth interviews with different organizations involved in the network.

scholarly journals Challenges of Monetary Policy during Crisis in the United Kingdom

2018 ◽  
Vol 1 (17) ◽  
pp. 9-19
Author(s):  
Marta Paduszyńska
Keyword(s):  
Monetary Policy ◽  
United Kingdom ◽  
Financial Crisis ◽  
Central Bank ◽  
Negative Impact ◽  
Real Economy ◽  
Negative Effects ◽  
The United Kingdom ◽  
Bank Of England ◽  
The Impact

The topic of the presented study is about the monetary policy in the United Kingdom, included situation and challenges of this policy during crisis. This article presents the structure of the central bank of England as well as economic trends in years 2002–2016. Special attention has been devoted to the Quantitative Easing – unconventional monetary policy followed by central bank in the wake of financial crisis that began in 2007. The main purpose of the article is to show the impact of the financial crisis on the monetary policy in the United Kingdom and methods of dealing with its negative effects. Realisation of this will be studied literature and data compiled by the institutions involved in the discussed issue, especially reports prepared by the Central Bank of England. The financial crisis has had a negative impact on the real economy of the United Kingdom. It limited possibilities of household consumption and also possibilities of investment companies. Both of those, consumption and investment are important determinants of GDP.

scholarly journals IS THERE A “LOW INTEREST RATE TRAP”?

Ekonomika ◽  
2012 ◽  
Vol 91 (1) ◽  
pp. 7-23 ◽  
Author(s):  
Kui-Wai Li
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Financial Crisis ◽  
Output Growth ◽  
Theoretical Discussion ◽  
2008 Financial Crisis ◽  
Investment Returns ◽  
The 2008 Financial Crisis ◽  
The U.S

This article stylizes the monetary policy features applied during the chairmanship of Mr. Alan Greenspan and condenses statistical discussion into the “low interest rate trap” in the U.S. economy. Data from the U.S. in the decade prior to the 2008 financial crisis are used. A monetarist solution to the “low interest rate trap” is provided. The paper challenges the theoretical discussion on the Keynes’ interest rate – output relationship, and poses the question whether difference in investment returns would present a different picture in output growth.

scholarly journals Does the UK economy grow faster under a Conservative or Labour government?

2021 ◽  
Vol 10 (2) ◽  
pp. 95-101
Author(s):  
Amr Saber Algarhi ◽  
Alexander Tziamalis
Keyword(s):  
Financial Crisis ◽  
Gdp Growth ◽  
2008 Financial Crisis ◽  
Quarterly Data ◽  
The United Kingdom ◽  
Real Gdp ◽  
Consistent Performance ◽  
The 2008 Financial Crisis ◽  
New Policies ◽  
The Uk

We use quarterly data from 1955 to 2019 to examine the performance of Conservative and Labour administrations in terms of real GDP growth in the United Kingdom. To account for fiscal lags in the legislation and implementation of new policies by each administration, we explore up to lag 8 in addition to an overlapping technique. Our main finding is that the UK economy has grown with a similar pace under both parties, however Labour governments seem to do better in tackling recessions and achieve a more consistent performance. Labour’s advantage becomes more pronounced if we discount the effect of a large external shock, the 2008 Financial Crisis.

scholarly journals Pengaruh Quantitative Easing dan Tapering Off serta Indikator Makroekonomi terhadap Nilai Tukar Rupiah

2020 ◽  
Vol 4 (1) ◽  
pp. 64-85
Author(s):  
Almuyasa Vidia Dinata ◽  
Siskarossa Ika Oktora
Keyword(s):  
Exchange Rate ◽  
Financial Crisis ◽  
Foreign Exchange ◽  
The United States ◽  
Series Data ◽  
Quantitative Easing ◽  
Foreign Exchange Reserves ◽  
2008 Financial Crisis ◽  
Current Period ◽  
The 2008 Financial Crisis

Since the 2008 financial crisis, rupiah’s volatility has experienced high volatility. This volatility is indicated associated with other macroeconomic indicators such as BI-Rate, export-import ratio, CPI, IHSG, and foreign exchange reserves against the rupiah exchange rate. In addition, in terms of an external factor, there is a nonconventional monetary policy package taken by The Fed to restore the economy of the United States after the 2008 financial crisis called Quantitative Easing (QE) and Tapering Off (TO). This study aims to see the effect of these two policies and macroeconomic variables on the rupiah exchange rate. This research uses time-series data from January 2005-December 2017 is carried out using the Autoregressive Distributed Lag (ARDL) method. Based on the result, we concluded that the model obtained was ARDL (3,0,5,0,4,3). We found that rupiah exchange rate 1st and 3rd lag, export-import ratio 3rd lag, foreign exchange reserves current period, CPI 4th lag, IHSG current period, 1st, 2nd, and 3rd lag, and the QE policy significantly affect the rupiah’s volatility. This shows that the stability of the rupiah is not only based on fundamental economic variables but also based on the monetary policies of other countries.

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