Middle East Economic Survey
VOL. LII
No 9
2-Mar-2009
Japanese And American Quantitative Easing
By Shawkat Hammoudeh
Shawkat Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.
Quantitative easing (QE) is an economic tool that is aimed at getting more out of a tired monetary policy in an interest rate environment that is zero-bound. It primarily targets the quantity of money instead of the interest rate, when the economy is in...
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