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Quantitative Easing: Entrance and Exit Strategies

Name: Quantitative Easing: Entrance and Exit Strategies
Creator: Alan S. Blinder
Keywords: Monetary policy - United States ; Deflation (Finance) - Japan ; Recessions ; Financial crises, 0502 economics and business, 05 social sciences, 1. No poverty

descriptionPublicationkeyboard_double_arrow_right Article 01 Jan 2010Publisher:Federal Reserve Bank of St. LouisJournal:Review, volume 92

Authors: Alan S. Blinder;

doi: 10.20955/r.92.465-80

Quantitative Easing: Entrance and Exit Strategies

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Abstract

Apparently, it can happen here. On December 16, 2008, the Federal Open Market Committee (FOMC), in an effort to fight what was shaping up to be the worst recession since 1937, reduced the federal funds rate to nearly zero.1 From then on, with all of its conventional ammunition spent, the Federal Reserve was squarely in the brave new world of quantitative easing. Chairman Ben Bernanke tried to call the Fed?s new policies credit easing, probably to differentiate them from what the Bank of Japan had done earlier in the decade, but the label did not stick.

Related Organizations

College of New Jersey
United States

Keywords

Monetary policy - United States ; Deflation (Finance) - Japan ; Recessions ; Financial crises

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	57
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%