US 'Quantitative Easing' is Fracturing the Global Economy
Copyright policy )US 'Quantitative Easing' is Fracturing the Global Economy
The Federal Reserve’s quantitative easing is presented as injecting $600 billion into “the economy.” But instead of getting banks lending to Americans again - households and firms - the money is going abroad, through arbitrage interest-rate speculation, currency speculation, and capital flight. No wonder foreign economies are protesting, as their currencies are being pushed up.
- Levy Economics Institute of Bard College United States
- University of Missouri–Kansas City United States
- Bard College United States
ddc:330, Exchange Rates; Asset-price Inflation; Monetary Policy, monetary policy, asset-price inflation, exchange rates, E50, F34, E58, G12, F42, jel: jel:E50, jel: jel:F42, jel: jel:E58, jel: jel:G12, jel: jel:F34
ddc:330, Exchange Rates; Asset-price Inflation; Monetary Policy, monetary policy, asset-price inflation, exchange rates, E50, F34, E58, G12, F42, jel: jel:E50, jel: jel:F42, jel: jel:E58, jel: jel:G12, jel: jel:F34
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