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Expansion for Who, Markets or the Poor?

Author

Listed:
  • Sedat KUSGOZOGLU

    (Turkish Court of Account, Turkey)

  • M. Sakir BASARAN
  • Selcuk KENDIRLI

    () (Hitit University FEAS Banking and Finance)

Abstract

In this study we examine the impacts of expansionary monetary policies executed by the Federal Reserve on poverty in the United States of America. It has been discussed in various studies that the Fed’s expansionary monetary policies create a less positive impact on economy as a whole than financial sector. In this study, the expansionary effects of expansionary policies on the poor living in America will be discussed. The main thesis of the study is that the poor living in the United States benefited less from expansionary monetary policies than either financial sector or the US economy as a whole. When discussing the thesis of the study both employed and unemployed poor will be discussed. Therefore, it will be questioned that the decrease in the unemployment rate is the indicator of the fight against poverty. Indicators such as indices and interest rates in the financial markets, and indicators such as growth rates and unemployment rates in the overall economy are regarded as essential indicators but as for poverty it’s hard to find such regarded indicators. Unfortunately, there are not too many statistics about the poor living in the United States in the reports of the international organizations. Thus the main trouble of the study is that international comparisons are almost impossible. Therefore, various indicators produced by the U.S. government agencies of various indicators will be used in this study.

Suggested Citation

  • Sedat KUSGOZOGLU & M. Sakir BASARAN & Selcuk KENDIRLI, 2014. "Expansion for Who, Markets or the Poor?," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 1(1), pages 198-205, December.
  • Handle: RePEc:icb:wpaper:v:1:y:2014:i:1:198-205
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    Keywords

    Quantitative Easing; Federal Reserve; Poverty; The Poor.;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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