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People's Quantitative Easing : ウィキペディア英語版 | People's Quantitative Easing People's Quantitative Easing (PQE) was a policy announced by Jeremy Corbyn during the 2015 Labour leadership election which would require the Bank of England to print money to finance government investment. It attracted much media coverage, with some calling it "economically illiterate", while others defended the policy. ==Policy== Corbyn proposes to have the Bank of England create money to invest in housing and public transport, described by Corbyn as "People's Quantitative Easing". This would aim to turn the UK into a high-skill, high-tech economy and to build more council houses in order to lower long-term housing benefit costs. To achieve this, the Bank would purchase bonds for a state-owned "National Investment Bank".〔. London Loves Business. Retrieved on 12 September 2015.〕 The policy is based on ideas put forward by the political economist Richard Murphy. Murphy argues it is a policy designed for use in 2020, in the event the economy remains flat despite traditional quantitative easing, with low inflation, low interest rates, high unemployment and low wages. If the economy is growing strongly, PQE would not be needed as increasing tax revenues would pay for necessary investment. Economics professor Simon Wren-Lewis explains that the difference between PQE and Milton Friedman's helicopter money is that instead of central banks distributing newly created money directly to individuals, creating consumption demand without involving government, PQE finances investment projects that are to some extent at least initiated by government. So PQE impinges on central bank independence.
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「People's Quantitative Easing」の詳細全文を読む
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