FED’S “QUANTITAVE EASING ACTION”– MORE THAN A MOVE FOR US ECONOMY REVITALIZATION?*

Lect. Ph.D Rizescu Sabin, Lect. Ph.D Stanciu Cristian Valeriu and Cristi Spulbar ()
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Lect. Ph.D Rizescu Sabin: University of Craiova Faculty of Economics and Business Administration Craiova, Romania
Lect. Ph.D Stanciu Cristian Valeriu: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2009, vol. 1, issue 13, 85-88

Abstract: On March 18th 2009, FED has made a move it hasn’t done since 1960 (the so-called Operation Trust conceived by the Kennedy administration): it stepped into the market in order to buy long term securities for an amount of some 1.25 trillion dollars. FED also said this program could be expanded to include a lot of other financial assets. The key issue here is the money resulting from this quantitative easing action taken by FED has not US economy as main destination, but, throw IMF, US are due to become the main creditor of the world.

Keywords: FED; long term bonds; quantitative easing measure; open market action (search for similar items in EconPapers)
JEL-codes: F00 F30 F36 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2009:i:13:p:85-88

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