Reis, Ricardo, (2016), “Fiscal crises as pretexts for quantitative easing”, VoxEu, 14 Οκτωβρίου
Conventional economic theory predicts that, outside of a financial crisis, quantitative easing should have no effect on real outcomes or inflation. This column proposes two theoretical channels through which quantitative easing might also work in a fiscal crisis. In this case, quantitative easing can be a valuable tool because it can control the path of inflation over time and reduce the distortions to the credit flow in the economy.
Σχετικές Αναρτήσεις
- Thimann, Christian, (2016), “Quantitative Easing: The Challenge for Households Long-term Savings and Financial Security”, CESifo Working Paper No. 5976, Ιούνιος
- Bibow, Jörg, (2016), “From Antigrowth Bias to Quantitative Easing”, Levy Economics Institute, Ιούνιος