Limits of Quantitative Easing

Marek Dabrowski

No 14, CASE Network E-briefs from CASE-Center for Social and Economic Research

Abstract: The recent decision of the U.S. Federal Reserve Board (Fed) to increase its assets by purchasing $600 billion worth of Treasury bonds is unlikely to boost economic growth or employment prospects in the U.S. Instead, it will cause major damage throughout the world economy, especially in emerging markets, where the U.S. dollar remains a leading reserve and transaction currency. If this decision is not corrected soon, the Fed’s policy may cause another macroeconomic and financial crisis in the very near future.

Keywords: Quantitative Easing; financial crisis; economic growth (search for similar items in EconPapers)
Pages: 3 Pages
Date: 2010-11
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