Peterson Institute for International Economics Update Newsletter
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PIIE Advisory
August 21, 2012

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Posen Featured on BBC
 
  Tonight Watch Adam S. Posen Talk About
Europe's Financial Crisis on the BBC's HARDtalk
   
  Adam S. Posen Tonight Adam S. Posen will appear on the BBC's top interview program, HARDtalk, to discuss his tenure on the Bank of England's Monetary Policy Committee (MPC). Posen will talk about quantitative easing, the role of central banks in countering the economic downturn, and the role of austerity measures in resolving the euro area crisis. The interview will include discussion on the accuracy of the Bank of England's growth forecasts, as well as Posen's on-record forecasts, which have been on target in their predictions of inflation, wages, and consumption. Posen, who steps down as a member of the MPC at the end of the month, will take office as the president of the Peterson Institute for International Economics in January.

You can watch the episode of HARDtalk on BBC America tonight, August 21, at 11:30 PM EST. The episode will be rebroadcast on Wednesday, August 22, at:

> 3:30 AM EST
> 10:30 AM EST
> 3:30 PM EST


Please check your local listings for the BBC America channel.


>> See also: Adam S. Posen to Become New President of Peterson Institute for International Economics

Adam S. Posen in the News

Financial Times
King Urged to Widen Recovery Measures
Adam S. Posen says the Bank of England could more effectively stimulate an economic recovery if it were willing to purchase private sector assets. Posen states, "I have no question in my mind that what we're doing with QE [quantitative easing] is preventing things from getting much worse, but that doesn't mean you couldn't have an additional or better instrument."

Bloomberg
Posen Says BOE Should Go Beyond Conventional QE to Fight Slump
Bloomberg writes that Adam S. Posen believes the Bank of England's Monetary Policy Committee (MPC) "does have the authority to make up its mind on what instruments it wants to use." Posen argues that the MPC should utilize options other than buying government bonds to fight the recession.

 
 
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