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Author: Jonathan Ashworth Publisher: ISBN: 9781788212229 Category : Languages : en Pages : 192
Book Description
This book offers a thorough and perspicacious analysis of quantitative easing, which has become a recovery method of last resort. While it was successful in stimulating growth, this strategy remains controversial and continues to promote widespread debate in economics, financial, and political economy circless.
Author: Jonathan Ashworth Publisher: ISBN: 9781788212229 Category : Languages : en Pages : 192
Book Description
This book offers a thorough and perspicacious analysis of quantitative easing, which has become a recovery method of last resort. While it was successful in stimulating growth, this strategy remains controversial and continues to promote widespread debate in economics, financial, and political economy circless.
Author: Frances Coppola Publisher: John Wiley & Sons ISBN: 1509531327 Category : Political Science Languages : en Pages : 61
Book Description
In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, and poured it into financial markets. ‘Quantitative Easing’ (QE) was supposed to prevent deflation and restore economic growth. But the money didn’t go to ordinary people: it went to the rich, who didn’t need it. It went to big corporations and banks – the same banks whose reckless lending caused the crash. This led to a decade of stagnation, not recovery. QE failed. In this book, Frances Coppola makes the case for a ‘people’s QE’, in which the money goes directly to ordinary people and small businesses. She argues that it is the fairest and most effective way of restoring crisis-hit economies and helping to solve the long-term challenges of ageing populations, automation and climate change.
Author: Brendan Brown Publisher: Springer ISBN: 1137478853 Category : Business & Economics Languages : en Pages : 250
Book Description
The Great Monetary Experiment designed and administered by the Federal Reserve under the Obama Administration unleashed strong irrational forces in global asset markets. The result was a 'monetary plague' which has attacked and corrupted the vital signalling function of financial market prices. This book analyses how quantitative easing caused a sequence of markets to become infected by asset price inflation. It explains how instead of bringing about a quick return to prosperity from the Great Recession, the monetary experiment failed in its basic purpose. Bringing about economic debilitation, major financial speculation, waves of mal-investment in particular areas, and a colossal boom in the private equity industry, the experiment instead produced monetary disorder. Brendan Brown puts the monetary experiment into a global and historical context, examining in particular Japanese 'folklore of deflation' and the Federal Reserve's first experiment of quantitative easing in the mid-1930s. The author couples analysis from the Austrian school of monetary economics and Chicago monetarism with insights from behavioral finance, and concludes with major proposals for the present and the future, including ideas for monetary reform in the United States, and suggestions for how investors can survive the current market 'plague'.
Author: Christopher Leonard Publisher: Simon and Schuster ISBN: 1982166649 Category : Business & Economics Languages : en Pages : 384
Book Description
The New York Times bestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country’s economic stability at risk. If you asked most people what forces led to today’s unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. But here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with long-term risks that were hard to measure. But the Fed proceeded anyway…and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see the market start to crash, at which point the Fed turned the money spigot back on. That’s what it did when COVID hit, printing 300 years’ worth of money in a few short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.
Author: Katrina Avila Munichiello Publisher: Tuttle Publishing ISBN: 9780804848992 Category : Literary Collections Languages : en Pages : 256
Book Description
A Tea Reader contains a selection of stories that cover the spectrum of life. This anthology shares the ways that tea has changed lives through personal, intimate stories. Read of deep family moments, conquered heartbreak, and peace found in the face of loss. A Tea Reader includes stories from all types of tea people: people brought up in the tea tradition, those newly discovering it, classic writings from long-ago tea lovers and those making tea a career. Together these tales create a new image of a tea drinker. They show that tea is not simply something you drink, but it also provides quiet moments for making important decisions, a catalyst for conversation, and the energy we sometimes need to operate in our lives. The stories found in A Tea Reader cover the spectrum of life, such as the development of new friendships, beginning new careers, taking dream journeys, and essentially sharing the deep moments of life with friends and families. Whether you are a tea lover or not, here you will discover stories that speak to you and inspire you. Sit down, grab a cup, and read on.
Author: Peter Dietsch Publisher: John Wiley & Sons ISBN: 1509525807 Category : Philosophy Languages : en Pages : 78
Book Description
Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. Central banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias. This book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.
Author: George Selgin Publisher: ISBN: 9781948647939 Category : Business & Economics Languages : en Pages : 126
Book Description
In his brief but systematic study, George Selgin reviews the movement favoring fiscal QE, shows how it threatens both the Fed's independence and democratic control of government spending, and counters claims that it offers a low-cost means for financing such spending.
Author: Neven Vidaković Publisher: Springer Nature ISBN: 3030754448 Category : Political Science Languages : en Pages : 379
Book Description
This book examines economic policies utilized within Southeast Europe in response to the COVID-19 pandemic. Covering countries both within and outside the European Union, the human and economic cost of the pandemic is calculated using macroeconomic models from a short and longer term perspective. The economic policies used during the pandemic are analyzed, alongside crisis management approaches, to highlight the effectiveness of monetary policy, fiscal policies and potential future economic solutions for the post COVID-19 period. This book aims to provide policy recommendations based on findings from Southeast Europe. It is relevant to researchers and policymakers involved in economic policy and the political economy, as well as anyone interested in the responses to the COVID-19 pandemic.
Author: Fouad Sabry Publisher: One Billion Knowledgeable ISBN: Category : Business & Economics Languages : en Pages : 307
Book Description
What is Quantitative Easing Quantitative easing (QE) is a monetary policy action where a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary policy that came into wide application after the financial crisis of 2007-2008. It is used to mitigate an economic recession when inflation is very low or negative, making standard monetary policy ineffective. Quantitative tightening (QT) does the opposite, where for monetary policy reasons, a central bank sells off some portion of its holdings of government bonds or other financial assets. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Quantitative easing Chapter 2: Central bank Chapter 3: European Central Bank Chapter 4: Monetary policy of the United States Chapter 5: Monetary policy Chapter 6: Monetary base Chapter 7: Open market operation Chapter 8: Monetary Policy Committee (United Kingdom) Chapter 9: Money creation Chapter 10: Debt monetization Chapter 11: Helicopter money Chapter 12: Bank of Canada Chapter 13: Modern monetary theory Chapter 14: History of Federal Open Market Committee actions Chapter 15: James B. Bullard Chapter 16: Federal Reserve responses to the subprime crisis Chapter 17: 1994 bond market crisis Chapter 18: Quantitative tightening Chapter 19: Corporate debt bubble Chapter 20: The Intervention of ECB in the Eurozone Crisis Chapter 21: Yield Curve Control (II) Answering the public top questions about quantitative easing. (III) Real world examples for the usage of quantitative easing in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Quantitative Easing.
Author: Jonathan Ashworth
Author: Jonathan Ashworth
Author: Frances Coppola
Author: Brendan Brown
Author: Christopher Leonard
Author: Katrina Avila Munichiello
Author: Peter Dietsch
Author: George Selgin
Author: Cullen Roche
Author: Neven Vidaković
Author: Fouad Sabry