How effective quantitative easing is in relation to the Gold Standard? A historical approach based on the US experience

Emmanouil-Marios-Lazaros Economou (), Kyriazis Nickos and Stephanos Papadamou

MPRA Paper from University Library of Munich, Germany

Abstract: The current paper contributes to the recent discussion in the US which has to do with the level of efficiency of the QE practices being implemented since 2008 and afterwards until today. It also analyses the basic argumentation of the academics and social and political groups who are in favour of the restoration of the Gold Standard. Thus, the analysis offers a critical approach concerning the US monetary practices linked to the implementation of the gold standard regimes as against to the quantitative easing policies. We conclude that although there are both arguments in favour of or against the abandonment of the QE policies in the US, the implementation (through restoration) of the Gold standard doctrines is very difficult to materialize, especially when an economy faces or has already faced the negative and detrimental side-effects of recession.

Keywords: US monetary policy; Gold Standard; Quantitative Easing (search for similar items in EconPapers)
JEL-codes: E62 F33 G18 N2 (search for similar items in EconPapers)
Date: 2017-01-07
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76184

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