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...