Quantitative easing – Evolution of economic thinking as it happened on Vox edited by Wouter J. Den Haan published by VOXEU (2016). “The severity of the recent financial crisis and the inability to generate a turnaround with ordinary policy tools forced policymakers to come up with new methods to revitalise economic performance. One of those tools is quantitative easing (EQ).. Expansionary monetary policy typically consists of buying short-term government debt to affect short-term interest rates…”
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