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- Title
Institutional investor portfolio allocation, quantitative easing and the global financial crisis.
- Authors
Joyce, Michael A. S.; Zhuoshi Liu; Tonks, Ian
- Abstract
The article focuses on the quantitative easing (QE) policy proposed by the Monetary Policy Committee (MPC) of the Bank of England to respond on the effect of financial crisis on inflation. Topics discussed include the significance of considering the portfolio balance, the evaluation of the portfolio allocation behaviour to address conterfactual issue on the effectiveness of QE, and considering the government bonds issuance and financial variables to measure its impact on portfolio allocation.
- Subjects
QUANTITATIVE easing (Monetary policy); FINANCIAL crises; PORTFOLIO management (Investments); ALLOCATION (Accounting); GOVERNMENT securities; COUNTERFACTUALS (Logic); MANAGEMENT
- Publication
Bank of England Quarterly Bulletin, 2014, Vol 54, Issue 4, p455
- ISSN
0005-5166
- Publication type
Article