QE versus the Real Problems in the World Economy

These notes are based on parts of a keynote address to the Fourth Annual Conference on Money and Finance at Chapman University on 6−7 September 2019. Quantitative easing (QE) policies have been pushed to extremes and extended well beyond their use-by dates to little plausible effect in ach...

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Main Author:	Adrian Blundell-Wignall
Format:	Article
Language:	English
Published:	MDPI AG 2020-01-01
Series:	Journal of Risk and Financial Management
Subjects:	quantitative easing globalization china brexit target 2 europe interbank market
Online Access:	https://www.mdpi.com/1911-8074/13/1/11

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spelling	doaj-7577a5fb939d4646bef6e5b5cbe20eee2020-11-25T01:35:49ZengMDPI AGJournal of Risk and Financial Management1911-80742020-01-011311110.3390/jrfm13010011jrfm13010011QE versus the Real Problems in the World EconomyAdrian Blundell-Wignall0School of Economics, The University of Sydney, Sydney 2006, AustraliaThese notes are based on parts of a keynote address to the Fourth Annual Conference on Money and Finance at Chapman University on 6−7 September 2019. Quantitative easing (QE) policies have been pushed to extremes and extended well beyond their use-by dates to little plausible effect in achieving the goal of raising inflation and growth. Instead, they are damaging the interbank market (as exemplified by the liquidity crisis in September 2019), adding to the risk of financial crises in the future and taking pressure off policy-makers to deal with the real causes of poor investment, growth and deflation pressure. The shift in where investment is occurring and the special problems of Europe and Brexit are focused upon.https://www.mdpi.com/1911-8074/13/1/11quantitative easingglobalizationchinabrexittarget 2europeinterbank market
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Adrian Blundell-Wignall
spellingShingle	Adrian Blundell-Wignall QE versus the Real Problems in the World Economy Journal of Risk and Financial Management quantitative easing globalization china brexit target 2 europe interbank market
author_facet	Adrian Blundell-Wignall
author_sort	Adrian Blundell-Wignall
title	QE versus the Real Problems in the World Economy
title_short	QE versus the Real Problems in the World Economy
title_full	QE versus the Real Problems in the World Economy
title_fullStr	QE versus the Real Problems in the World Economy
title_full_unstemmed	QE versus the Real Problems in the World Economy
title_sort	qe versus the real problems in the world economy
publisher	MDPI AG
series	Journal of Risk and Financial Management
issn	1911-8074
publishDate	2020-01-01
description	These notes are based on parts of a keynote address to the Fourth Annual Conference on Money and Finance at Chapman University on 6−7 September 2019. Quantitative easing (QE) policies have been pushed to extremes and extended well beyond their use-by dates to little plausible effect in achieving the goal of raising inflation and growth. Instead, they are damaging the interbank market (as exemplified by the liquidity crisis in September 2019), adding to the risk of financial crises in the future and taking pressure off policy-makers to deal with the real causes of poor investment, growth and deflation pressure. The shift in where investment is occurring and the special problems of Europe and Brexit are focused upon.
topic	quantitative easing globalization china brexit target 2 europe interbank market
url	https://www.mdpi.com/1911-8074/13/1/11
work_keys_str_mv	AT adrianblundellwignall qeversustherealproblemsintheworldeconomy
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QE versus the Real Problems in the World Economy

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