quantitative easing
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6 Sept 2010
Scott Sumner archive turned
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.I predicted that aggressive QE would raise long term interest rates, a view which seemed to be refuted by the response on T-bond yields to the March 2009 Fed QE announcement.
I predicted that aggressive QE would raise long term interest rates, a view which seemed to be refuted by the response on T-bond yields to the March 2009 Fed QE announcement.
- 1 day earlier
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5 Sept 2010
Scott Sumner archive
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.Any effective monetary stimulus would be expected to raise long term rates.