Title :
Notice of Retraction
Limitations of monetary policy: Theory and the evidence from the UK during and after the international financial crisis
Author :
Chunfang, Zheng ; Yingchun, Liu
Author_Institution :
Business School, BUU (Beijing Union University), Beijing, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
After the international financial crisis, the UK government had carried out a series of monetary policies, such as having reduced office interest rate, increased money supply, and so on. But these monetary policies had some limitations. Aggregate demand decreased and households began to save. There was little effect until one year later.
Keywords :
Aggregates; Economic indicators; Government; Investments; Security; Monetary policy; limitations; the UK; the iInternational financial Crisis;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5882165
