Ros responds to an interview in which David Miles of the Bank of England calls for further QE to stimulate the economy. She points out that this would be dangerous, that gilt yields are already distorted and that QE is continuing to damage growth and pensions.
Ros comments on latest inflation figures for June 2012, showing a fall in cpi to 2.5%, which is welcome news for savers at last. Inflation remains above target however, and is still affecting older generations more than others.
Press Release highlighting the damage done by QE to older generations and to pension funds, calling on Bank of England to recognise dangers of buying gilts.
Ros calls on the Government to relax the discount rate used for calculating pension liabilities
Ros gave a talk to BNP Paribas explaining her views about the dangers of QE and misperceptions of the impact of monetary policy on the economy
Ros outlines her vision for a new phase of life, with people working longer but part time, as pensions have not delivered enough to support longer lives adequately.
Ros discusses why MPC member David Miles’ analysis of QE impacts are based on academic assumptions which do not work in the real world. Denying that QE has damaged growth and pensions rests on flawed analysis.
Press Release welcoming the Bank of England’s decision not to extend QE and suggesting that QE may not be working. The Bank should not ignore the dangerous side-effects of its monetary medicine.
Ros’ views on finding alternative ways to boost the UK economy are explored in the Financial Times Financial Adviser magazine
Ros explains why QE has taken money from people’s pensions and given it to borrowers and banks, leaving pensioners poorer in retirement