Journal Article
Doubling your monetary base and surviving: some international experience
Abstract: The authors examine the experience of selected central banks that have used large-scale balance-sheet expansion, frequently referred to as ?quantitative easing,? as a monetary policy instrument. The case studies focus on central banks responding to the recent financial crisis and Nordic central banks during the banking crises of the 1990s; others are provided for comparison purposes. The authors conclude that large-scale balance-sheet increases are a viable monetary policy tool provided the public believes the increase will be appropriately reversed.
https://doi.org/10.20955/r.92.481-506
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https://fraser.stlouisfed.org/title/review-federal-reserve-bank-st-louis-820/november-december-2010-620770
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Review
Publication Date: 2010
Volume: 92
Issue: Nov
Pages: 481-506