1. Lessons on Unconventional Monetary Policy from the UK
Charles Bean
Deputy Governor
US Monetary Policy Forum, New York
25 February 2011

2. Chart 1: Bank of England balance sheet
Assets Liabilities

3. Chart 2: UK money multiplier
(a) Ratio of stock of M4 excluding intermediate OFCs to the stock of notes and coin and Bank of England reserves.

4. Chart 3: The impact of asset purchase announcements on gilt yields

5. Chart 4: Nominal GDP at market prices

6. Lessons on Unconventional Monetary Policy from the UK
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