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Doubling your monetary base and surviving: some international experience

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  • Richard G. Anderson
  • Charles S. Gascon
  • Yang Liu

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.

Suggested Citation

  • Richard G. Anderson & Charles S. Gascon & Yang Liu, 2010. "Doubling your monetary base and surviving: some international experience," Review, Federal Reserve Bank of St. Louis, vol. 92(Nov), pages 481-506.
    • Handle: RePEc:fip:fedlrv:y:2010:i:nov:p:481-506:n:v.92no.6
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    References listed on IDEAS

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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Cashing up the system
      by JP Koning in Moneyness on 2015-01-02 08:20:00

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