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The 'Apollo 13' of macroeconomic policy: The 'successful failure' of the UK quantitative easing anti-crisis monetary mission

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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The 'Apollo 13' of macroeconomic policy: The 'successful failure' of the UK quantitative easing anti-crisis monetary mission. / de Vita, G.; Abbott, A.
In: Public Money and Management, Vol. 31, No. 6, 2011, p. 387-394.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

de Vita, G & Abbott, A 2011, 'The 'Apollo 13' of macroeconomic policy: The 'successful failure' of the UK quantitative easing anti-crisis monetary mission', Public Money and Management, vol. 31, no. 6, pp. 387-394. https://doi.org/10.1080/09540962.2011.618762

APA

de Vita, G., & Abbott, A. (2011). The 'Apollo 13' of macroeconomic policy: The 'successful failure' of the UK quantitative easing anti-crisis monetary mission. Public Money and Management, 31(6), 387-394. https://doi.org/10.1080/09540962.2011.618762

Vancouver

de Vita G, Abbott A. The 'Apollo 13' of macroeconomic policy: The 'successful failure' of the UK quantitative easing anti-crisis monetary mission. Public Money and Management. 2011;31(6):387-394. doi: 10.1080/09540962.2011.618762

Author

de Vita, G. ; Abbott, A. / The 'Apollo 13' of macroeconomic policy : The 'successful failure' of the UK quantitative easing anti-crisis monetary mission. In: Public Money and Management. 2011 ; Vol. 31, No. 6. pp. 387-394.

Bibtex

@article{89af2551db14488e9be55f763003fc1a,
title = "The 'Apollo 13' of macroeconomic policy: The 'successful failure' of the UK quantitative easing anti-crisis monetary mission",
abstract = "This article appraises the recent UK quantitative easing (QE) monetary experiment. From March 2009 to February 2010, the Bank of England spent £200 billion on gilts and corporate bonds. This experiment represents, as a proportion of GDP, the most ambitious monetary policy {\textquoteleft}mission{\textquoteright} in history. Using several indicators to examine the impact of QE, our analysis leads to a conclusion which, metaphorically, is akin to that ascribed to the 1970 Apollo 13 Moon mission: a {\textquoteleft}successful failure{\textquoteright}.",
author = "{de Vita}, G. and A. Abbott",
year = "2011",
doi = "10.1080/09540962.2011.618762",
language = "English",
volume = "31",
pages = "387--394",
journal = "Public Money and Management",
issn = "0954-0962",
publisher = "Routledge",
number = "6",

}

RIS

TY - JOUR

T1 - The 'Apollo 13' of macroeconomic policy

T2 - The 'successful failure' of the UK quantitative easing anti-crisis monetary mission

AU - de Vita, G.

AU - Abbott, A.

PY - 2011

Y1 - 2011

N2 - This article appraises the recent UK quantitative easing (QE) monetary experiment. From March 2009 to February 2010, the Bank of England spent £200 billion on gilts and corporate bonds. This experiment represents, as a proportion of GDP, the most ambitious monetary policy ‘mission’ in history. Using several indicators to examine the impact of QE, our analysis leads to a conclusion which, metaphorically, is akin to that ascribed to the 1970 Apollo 13 Moon mission: a ‘successful failure’.

AB - This article appraises the recent UK quantitative easing (QE) monetary experiment. From March 2009 to February 2010, the Bank of England spent £200 billion on gilts and corporate bonds. This experiment represents, as a proportion of GDP, the most ambitious monetary policy ‘mission’ in history. Using several indicators to examine the impact of QE, our analysis leads to a conclusion which, metaphorically, is akin to that ascribed to the 1970 Apollo 13 Moon mission: a ‘successful failure’.

U2 - 10.1080/09540962.2011.618762

DO - 10.1080/09540962.2011.618762

M3 - Journal article

VL - 31

SP - 387

EP - 394

JO - Public Money and Management

JF - Public Money and Management

SN - 0954-0962

IS - 6

ER -