| 000 | 05308nam a22004573i 4500 | ||
|---|---|---|---|
| 001 | EBC6913809 | ||
| 003 | MiAaPQ | ||
| 005 | 20240724115405.0 | ||
| 006 | m o d | | ||
| 007 | cr cnu|||||||| | ||
| 008 | 240724s2020 xx o ||||0 eng d | ||
| 020 |
_a9781788213370 _q(electronic bk.) |
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| 020 | _z9781788212229 | ||
| 035 | _a(MiAaPQ)EBC6913809 | ||
| 035 | _a(Au-PeEL)EBL6913809 | ||
| 035 | _a(OCoLC)1303081598 | ||
| 040 |
_aMiAaPQ _beng _erda _epn _cMiAaPQ _dMiAaPQ |
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| 050 | 4 | _aHG230.3 .A849 2020 | |
| 082 | 0 | _a332.112 | |
| 100 | 1 | _aAshworth, Jonathan. | |
| 245 | 1 | 0 |
_aQuantitative Easing : _bThe Great Central Bank Experiment. |
| 250 | _a1st ed. | ||
| 264 | 1 |
_aNewcastle Upon Tyne : _bAgenda Publishing, _c2020. |
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| 264 | 4 | _c©2020. | |
| 300 | _a1 online resource (178 pages) | ||
| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_acomputer _bc _2rdamedia |
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| 338 |
_aonline resource _bcr _2rdacarrier |
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| 490 | 1 | _aFinance Matters Series | |
| 505 | 0 | _aCover -- Half Title -- Series Information -- Title Page -- Copyright Page -- Contents -- Preface -- Abbreviation -- Foreword -- 1. Monetary policy-making since the end of Bretton Woods -- A new framework for monetary policy: central bank independence and inflation targeting -- Despite the greater focus on inflation, central banks had not become "inflation nutters" -- The monetary policy decision-making process and central bank communication -- The implementation of monetary policy changes -- How the transmission mechanism of monetary policy works -- Gauging the stance of monetary policy -- 2. Key monetary policy trends and events in the decades before the Great Financial Crisis -- Sharply falling interest rates during the Great Moderation -- The onset of the ZLB in Japan amid its "lost decade" -- The bursting of the IT bubble fuelled record low US rates -- The Bank of Japan enacts "drastic" measures with QE -- 3. The Great Financial Crisis and the onset of quantitative easing -- Massive financial panic after the collapse of Lehman Brothers -- Central bank interest rates hit record lows -- The US and UK begin large-scale QE -- The euro area did not initially enact QE -- Draghi's strong words end the euro area crisis -- The Bank of Japan's response to the financial crisis was modest -- QE ends in the US and UK, but then restarts as recoveries slow -- Japan unleashes a huge new QE programme amid "Abenomics" -- Europe finally begins QE -- 4. How quantitative easing works -- Main channels through which QE works -- US and UK QE differed from the initial Japanese experiment -- Other channels in which QE is beneficial -- QE may have some differing impacts across countries -- QE has increasingly involved the purchase of riskier assets -- QE is likely to have diminishing returns over time -- 5. Measuring the effectiveness and impact of quantitative easing. | |
| 505 | 8 | _aMethods of estimating QE's impact -- QE1 helped the US and UK economies avoid a worst-case scenario and begin to recover -- Some observers were sceptical about the impact of QE1 -- Additional rounds of US and UK QE eased financial conditions further, with signs of diminishing returns -- Japan's new QE experiment has had some success, but is struggling to generate sufficient inflation -- ECB's OMT programme a major success, QE not quite so much -- 6. International spillovers of quantitative easing -- Large, but not necessarily excessive, capital flows to emerging markets during the latter rounds of QE -- The "taper tantrum" increased concerns about the normalization of Fed policy, but it ultimately proceeded relatively smoothly -- The verdict on international spillovers from US QE -- EM policy-makers called for greater coordination and consideration of external spillovers -- 7. Criticisms and negative externalities of quantitative easing -- Some fears of an inflation surge -- Inflation has remained below targets -- Financial stability risks? -- Misallocation of resources and weakened productivity -- Rising wealth inequality and large distributional issues -- Populism -- Threats to central bank independence -- Greater cooperation needed at the lower bound -- More experimental and riskier policies -- 8. Exiting quantitative easing and policies for the next slowdown -- The US Federal Reserve as first-mover -- Policies for the next global slowdown -- Conclusion -- Notes -- References -- Index. | |
| 520 | _aA thorough and perspicacious analysis of auantitative easing (QE), what has become a recovery method of last resort, that will be essential reading for anyone wanting to understand central banking's role in the national economy. | ||
| 588 | _aDescription based on publisher supplied metadata and other sources. | ||
| 590 | _aElectronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. | ||
| 650 | 0 | _aQuantitative easing (Monetary policy). | |
| 655 | 4 | _aElectronic books. | |
| 776 | 0 | 8 |
_iPrint version: _aAshworth, Jonathan _tQuantitative Easing _dNewcastle Upon Tyne : Agenda Publishing,c2020 _z9781788212229 |
| 797 | 2 | _aProQuest (Firm) | |
| 830 | 0 | _aFinance Matters Series | |
| 856 | 4 | 0 |
_uhttps://ebookcentral.proquest.com/lib/orpp/detail.action?docID=6913809 _zClick to View |
| 999 |
_c30364 _d30364 |
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