Transcription of Finance for the Future Green quantitative easing
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Finance for the FutureGreenquantitative easing :Paying fortheeconomywe needRichard Murphy and Colin HinesGreenQuantitativeEasing2 Green Bricks in the Wall:Making quantitative easing GreenIn March 2009 the Bank of England began a programme of quantitative easing in the UK. Asthis report notes, there are complicated ways of explaining the programme or an easy easy summary is that, in effect, the Bank of England granted the Treasury an overdraft butto keep the European Union happy had to do so by buyingGovernment gilts issued by theTreasury from UK commercial banks, pension funds and other financial were three reasons for doing keep interest rates low; provide banks with the money they needed to lend to business and others to keepthe economy make sure there was enough money in the economy to prevent deflationhappeningNoone was sure whether quantitative easing would work, and as we note, no one is sure forcertain whether it has worked.
Green Quantitative Easing 7 The justification for quantitative easing was the lowering of interest rates. This in turn, it was hoped, would encourage spending whilst providing the banks with cash from the proceeds of the sale of
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