Quantitative Easing Revisited

  1. 7,424 Posts.
    lightbulb Created with Sketch. 152
    I have been rereading the excellent article by Todd Keister and James McAndrews “Why Are Banks Holding So Many Excess Reserves”, published in the Volume 15, Number 8 of Current Issues (December 2009).
    http://www.newyorkfed.org/research/current_issues/ci15-8.pdf

    As QE 3 is winding up, it may provide some useful insights into how QE actually worked, why it totally failed to contribute to inflation, and why it was not very effective at providing economic stimulus.

    Enjoy.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.