Macroeconomic effects of quantitative and qualitative monetary easing measures

The Macroeconomic Effects of Quantitative Easing

How to Create a Recovery through ‘ Quantitative Monetary Easing

(1) The necessary condition for an economic recovery is the new creation of purchasing power. Non-performing loans form an obstacle to the banks’ ability to create this purchasing power, and this is the root cause of the recession. (2) At the present time the central bank alone is able to increase purchasing power. It is necessary that it engages in open market purchases of assets and active fo...

Qualitative and Quantitative Measures

Online social networks are rapidly asserting themselves as popular services on the Web. A central point is to determine whether two distinct users can be considered similar, a crucial concept with interesting consequences on the possibility to accomplish targeted actions like, for example, political and social aggregations or commercial promotions. In this chapter, the authors propose an approa...

Quantitative Easing and Financial Stability∗

The massive expansion of central-bank balance sheets in response to recent crises raises important questions about the effects of such “quantitative easing” policies, both their effects on financial conditions and on aggregate demand (the intended effects of the policies), and their possible collateral effects on financial stability. The present paper compares three alternative dimensions of ce...

A Compelling Case for Chinese Monetary Easing

• There are three main reasons for this policy shift. First, there is evidence that the Chinese economy has been operating below its potential capacity. Second, among the big five economies, China’s monetary policy stance and broader financial condition both tightened the most in the wake of the global financial crisis, likely weighing on domestic growth. Third, a mix of easy monetary policy an...