Middle East Economic Survey
VOL. LIII
No 42
18-Oct-2010
QE2 Is The New Qualitative Easing For The Fed: Will It Be More Effective?
By Shawkat Hammoudeh
Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.
During the Great Recession, the US Federal Reserve (the Fed) followed a monetary policy by purchasing $1.7 trillion worth of mortgage-backed securities as part of its quantitative easing (QE) to stimulate the...
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