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Quantitative Easing

Quantitative Easing

  • inflation expectations and fed credibility

    How Is Normalization of Monetary Policy Going to Work?

    Monday, August 03, 2015

    The timing of when the FOMC will start returning monetary policy to normal remains to be determined, but the steps that the FOMC plans to take have been outlined.

  • The Steps for the FOMC to Return to Normal Monetary Policy

    Tuesday, July 07, 2015

    The Federal Open Market Committee has outlined its intended process for “normalizing” the stance of monetary policy and its securities holdings.

  • The Fed’s Assets before and after the Great Recession

    Thursday, July 02, 2015

    The Federal Reserve’s balance sheet, including the types of assets it holds, looks very different now than it did before the Great Recession.

  • europe inflation expectations

    The Effect of Recent ECB Policy on Inflation Expectations

    Thursday, February 12, 2015

    For the past several months, inflation expectations and realized inflation have trended down in the eurozone. How have inflation expectations reacted to recent eurozone quantitative easing announcements?

  • Regional Economist article
  • When and How To Exit Quantitative Easing?

    The essence of quantitative easing (QE) is reducing the cost of private borrowing through large-scale purchases of privately issued debt instead of public debt (Bernanke, 2009). Considering the economy has drastically recovered, it is time to consider how exiting from these private asset purchases will affect the economy.

  • The Deleveraging of U.S. Households Since the Financial Crisis

    While households decreased credit card debt between 2007 and 2010, the process varied by education level between the extensive margin (how many households borrowed) and the intensive margin (how much households borrowed).

  • Regional Economist article

    The Rise and (Eventual) Fall in the Fed's Balance Sheet

    January 2014 | Regional Economist

    Quantitative easing has led to the largest expansion of the Fed’s balance sheet since WW II. While this, naturally, leads to concern about inflation, the Fed has the tools to unwind the balance sheet once the economy builds steam.

  • Feducation icon

    Traditional and Non-Traditional Monetary Policy Tools - The Feducation Video Series, Episode 2

    What monetary policy tools did the Federal Reserve use prior to the Great Recession? What did it do differently during and after the Great Recession? Episode 2 of the Feducation Video Series includes a simple demonstration of Open Market Operations and a discussion of non-traditional monetary policy tools.

    Watch Episode 2: Traditional and Non-Traditional Monetary Policy Tools

  • Four Stories of Quantitative Easing

    This article describes the circumstances of and motivations for the quantitative easing programs of the Federal Reserve, Bank of England, European Central Bank, and Bank of Japan during the recent financial crisis and recovery.