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Formal meeting (oral evidence session): Quantitative Easing

Economic Affairs Committee
Quantitative Easing

Tuesday 23 March 2021

Start times: 3.00pm (private) 3.00pm (public)


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Committee hears evidence from experts on the European Central Bank and Federal Reserve’s approaches to Quantitative Easing

On Tuesday 23 March at 3pm, the Economic Affairs Committee holds its sixth set of evidence sessions in its Quantitative Easing inquiry.

Meeting details

At 3.00pm: Oral evidence
Inquiry Quantitative Easing
former Chief Economist at European Central Bank
Distinguished Fellow at Centre for European Policy Studies
At 4.00pm: Oral evidence
Inquiry Quantitative Easing
Rosen Family Chair in International Finance at Brandeis International Business School

Likely questions

  • Do central banks lack a clear exit strategy from Quantitative Easing (QE)?
  • Have the differences between the European Central Bank’s (ECB) QE programme and the Bank of England’s led to any tangible differences in stimulating the ‘real economy’?
  • Will the ECB’s decision to expand its QE programme have an impact on the policies pursued by the Federal Reserve and the Bank of England?
  • To what extent do the allegations that the ECB is practicing yield curve control have merit?
  • How should central banks be responding to renewed turbulence in bond markets?
  • Are central banks becoming ‘prisoners of the market’?
  • How vulnerable are countries with high levels of debt and large central bank balance sheets to a return of sustained inflation?
  • Has the Federal Reserve’s approach to purchasing ‘junk bonds’ and high-risk corporate debt led to any favourable outcomes in the ‘real economy’ in comparison to the Bank of England’s focus on purchasing government gilts?
  • To what extent is the Federal Reserve’s new monetary policy framework a model that other central banks should look to follow?
  • Are central banks and Government sufficiently transparent when they need to coordinate policy?

 

Location

Virtual meeting