01749cas a2200241 a 4500 AALejournalIMF005966 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873108 1018-5941 BD-DhAAL BD-DhAAL Meier, Andre. Panacea, Curse, or Nonevent? : Unconventional Monetary Policy in the United Kingdom / Andre Meier. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Bank of England's current "quantitative easing" strategy has given rise to a controversial debate about the effects and risks of unconventional monetary policy. The present paper makes two contributions to this debate. First, it provides a systematic overview of unconventional policy options, drawing from existing theoretical and empirical studies. Against this backdrop, it then analyzes the BoE's specific policies, discussing their effectiveness so far and putting them into a cross-country context. Tentative evidence on the BoE's quantitative easing is moderately encouraging, although the strategy is neither guaranteed to succeed nor as perilous as some of its detractors claim. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/163 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/163/001.2009.issue-163-en.xml IMF e-Library