Fed helped economy grow more than BoE, institute says

02/3/2010 | Bloomberg

The National Institute of Economic and Social Research said the Federal Reserve's use of a broader range of policy tools helped it more effectively expand the economy than the Bank of England was able to do. "The Bank of England has eschewed credit easing and hence has done significantly less than the Federal Reserve to mitigate the effects of the financial crisis on real output," economists Ray Barrell and Dawn Holland wrote.

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