quantitative easing - Economics Students Society of Australia

quantitative easing

A collection of 12 posts

The EU QE experience so far

The EU QE experience so far

In March the European Union began its quantitative easing (QE) program 6 years after the US. The EU has long been viewed as a prime candidate for QE following the GFC. However the European Central Bank (ECB) has dragged its feet on its execution due to the intricacies of rolling

The US Quantitative Easing experience

federal reserve

The US Quantitative Easing experience

Empirical results would argue that the Japanese Quantitative Easing (QE) program did not work. This inexplicably has not stop central bankers globally from adopting the program. The US’s Federal Reserve (the Fed) was one such central banker to turn to QE. So what have they done, does it differ

Low and steady wins the race

Low and steady wins the race

Following the 1979 OPEC crisis, governments from developed countries across the globe recognised the need to bring inflation – the rate of increase in prices over time – under control. Sparked by a decrease in oil output due to the Iranian revolution, oil prices rose from USD$15.85 to USD$39.

The early Japanese QE experience

The early Japanese QE experience

As the European Central Bank announces a €1.1 trillion quantitative easing (QE) program, the US Federal Reserve sends signals it will halt its QE program, and Japan continues to print money, this economist wonders when did QE hit the mainstream and what was the result? When did QE hit

Economics in the pub: money supply and inflation

It was the summer of 2012 and I was at the pub enjoying myself with friends when I encountered an interesting young gentleman sporting a black t-shirt stamped with the slogan “911 was an Inside Job”. He was an acolyte of former US congressman Ron Paul and an avid listener

Fear of deflation re-ignites in the Eurozone

Fear of deflation re-ignites in the Eurozone

The ominous threat of deflation has haunted the Eurozone ever since the global financial crisis in 2008. Recently, fear of an uncontrollable deflationary spiral has re-emerged as prices in many of the largest European economies continue to decline. In February consumer prices in Ireland had fallen by .1% for the

Still uncharted territory – post-crisis central banking

Still uncharted territory – post-crisis central banking

With Janet Yellen firmly in the reigns of the world’s largest central bank, many are looking to the legacy left by her predecessor Ben Bernanke. Love or loathe him, Bernanke undoubtedly pioneered a new style of central banking based on large scale direct market intervention, mainly through policies such

The challenges of an orderly exit from quantitative easing

With the US debt ceiling talks and the new Chairman of the Federal Reserve (Fed) Janet Yellen dominating the business and economics headlines, the economic woes of the US are back in the spotlight. It reminds us of the sluggish and vulnerable economic recovery that the US is currently facing

Youth unemployment in the EU

Hysteresis in the periphery Recently, financial markets around the world have undergone a sharp correction in response to fears of an eventual tapering in the Federal Reserve’s Quantitative Easing program. The reaction was spurred by Ben Bernake’s, Chairman of the Federal Reserve, comments to the press that QE

Bank of Japan's monetary policy: Japan and Australia

Bank of Japan's monetary policy: Japan and Australia

Last year on December 26th, Shinzo Abe assumed office as Japan’s current Prime Minister and immediately began fulfilling his electoral campaign promises of bringing sweeping economic reform and output growth to the world’s third largest economy. After suffering decades of lacklustre output and many failed attempts to induce

The World this week with ESSA

The World this week with ESSA

The world this week with ESSA Hand picked selection of economics content from around the web. This week: a wide range of topics from US Taxes to the future of online shopping. ESSA, 23 September 2012 World Economy Barack Obama and Mitt Romney on taxes – The Economist VIDEO For those

The World this week with ESSA

australian dollar

The World this week with ESSA

The world this week with ESSA Hand picked selection of economics content from around the web. This week, a special series on growth, US election Coverage, Quantiative Easing plus its affects on the Australian Economy. ESSA, 16 September 2012 – World Economy Technological and economic growth: Can Technology save Europe’s