Literature Review

John Heim

Chapter Chapter 2 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 13-40 from Springer

Abstract: Abstract This chapter reviews previous literature on the subject of accommodative monetary policy. We find that the business press nearly unanimously agrees that FR security purchases during the quantitative easing period helped Wall Street, the bond and stock markets, by pushing up stock and bond prices, but did not much affect Main Street, i.e., the GDP and unemployment. By comparison, the Academic Press literature tended to find it helped both Wall Street and Main Street.

Keywords: Quantitative easing; Fiscal stimulus; Monetary stimulus; Wall street vs. main street (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65675-1_2

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DOI: 10.1007/978-3-030-65675-1_2

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