creditwritedowns.com - 12/1/2008
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In economic circles, there has been a lot of buzz about Quantitative Easing of late. Basically, the U.S. Federal Reserve has lowered interest rates to near zero percent and the fear is that these cuts will not have enough effect on the willingness to lend in order to reflate the U.S. economy. ...
japanjapan.blogspot.com - 12/8/2008
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japanjapan.blogspot.com —
With the US Federal Reserve now adopting what
is widely regarded as some variant of quantitative easing...
(QE), and with the Bank of Japan cutting interest rates amidst economic conditions which BoJ Governor Masaaki Shirakawa describes as "severe", ...
(more)
Did (or Didn't) Japan Just Re-introduce Quantitative Easing?
creditwritedowns.com - 12/2/2008
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creditwritedowns.com —
Marshall Auerback here. Just yesterday, Ed wrote a
good post on quantitative easing . As much as...
I liked the post, frankly I think Ed omitted some crucial factors about Japan, which I will detail here for you. Japan’s policy makers generally ...
(more)
A note on Japan’s experiment with quantitative easing
aleablog.com - 12/3/2008
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aleablog.com —
From the Fed: Q: Will these operations be
reserve neutral? A: No, these operations will be financed...
through the creation of additional bank reserves. in FAQs: Purchasing Direct Obligations of Housing-Related GSEs Email This
(more)
Quantitative Easing
Comments
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Links 12/1/08
naked capitalism —
... Quantitative easing: printing money like mad to ward off deflation Ed Harrison. Harrison takes a bit of an Austrian turn in his definition of inflation. ...
NBER dates recession to december 2007
Decline and Fall of Western Civilization —
... -- but that's to be seen as a function of the fact that every measure so far taken to combat the deflation of the credit bubble has failed utterly. ed harrison discusses how even the quantitative easing so far undertaken has done nothing but increase bank reserves being held at the fed -- not only has bank and shadow bank lending not increased, but it has continued to collapse with disconcerting effect. ...
One Dozen Observations on the Current Market Stress
The Aleph Blog —
... that liquidity, gives T-bills to the Fed, which uses them to replace bail out specific lending markets, and downgrade the quality of their balance sheet buy up securities where liquidity is temporarily in short supply. Personally, I don’t think it will work. It is much easier to get into a market than to get out, particularly if you are a large player with no profit motive. Three last semi-related articles that I found interesting:
Quantitative easing: printing money like mad to ward off deflation ...
Hyperinflation, national bankruptcy, dollar crash and other exaggerations
naked capitalism —
... The U.S. wants – it needs a lower dollar to avoid deflation. Quantitative easing is is not solving the deflation question. The U.S. wants a strong dollar? Well, policymakers say one thing and wish for another. The U.S. insistence on ...
Stop the madness now!
naked capitalism —
... Monetary stimulus. Quantitative easing mania. My understanding is this is what Ambrose Evans-Pritchard has been advocating. The thinking here is that the flood of money and the low rates will eventually jump start the economy. No deficit spending needed. ...
Related Content
Masanao- Quantitative Easing
europe.pimco.com 10/27/2008 — In March 2001, the Bank of Japan (BoJ) began an historic new monetary policy known as “quantitative easing” in an effort to revive Japan’s economy and end the deflationary decline in consumer prices. Five years later, on March 9, the BoJ ended the ...
I Believe in Quantitative Easing
econlog.econlib.org 12/17/2008 — (December 16, 2008 08:49 PM, by Arnold Kling) James Hamilton writes, Will [purchases of mortgage securities and other assets by the Fed] succeed if we just do it on a sufficiently large scale? I'm not at all convinced that it would. Our standard ...
More Than "A Whiff" Of Deflation In Japan
japanjapan.blogspot.com 6/1/2009 — Well, as Claus pointed out in his last post, Japanese data is pretty much a mixed bag at the moment. Industrial output shot up in April, and the May PMI data suggested that the easing of manufacturing contraction continued in May. However household spending and retail sales fell, unemployment ...
Quantitative easing
marginalrevolution.com 3/19/2009 — Bernanke will do it . I'm sitting in an airport, so here is a very quick take. It is cheaper and quicker than fiscal stimulus; this should have been our first move. It is more likely to work. There are two effects: ...
More Than "A Whiff" Of Deflation In Japan
globaleconomydoesmatter.blogspot.com 6/2/2009 — By Edward Hugh: Barcelona Well, as Claus pointed out in his last post , Japanese data is pretty much a mixed bag at the moment. Industrial output shot up in April, and the May PMI data suggested that the easing of manufacturing contraction continued in May. However household spending and retail ...
Printing Like Mad
blog.mises.org 2/17/2009 — We live in an age of grave economic ignorance, if central-bank policy is an indication of prevailing economic theory. It is apparent that we've learned nothing from several millennia of monetary destruction. The persistent demonstration that capital, ...
Quantitative easing on Vimeo
vimeo.com 12/23/2008 — Thank you Paddy. I'm just trying to decipher what is new money and what is existing money that is merely being redistributed. For instance, it seems Treasury is lending money to distressed banks (at 0-.25%) usng funds it borrows from savers elsewhere ...
Quantitative and qualitative easing again
blogs.ft.com 1/12/2009 — The UK Chancellor, Alistair Darling, has been busy repudiating the notion that the British government was planning to ‘print money’ to prevent deflation and stimulate the economy. He was reported in the Financial Times (January 9th, ...
Global Coordinated Rate Cuts Won't Solve Economic Crisis
globaleconomicanalysis.blogspot.com 10/8/2008 — This morning the Fed, ECB, Bank of England, Bank of Canada, and Sweden's Riksbank all cut rates by 50 basis points. Japan is on the sidelines cheering. US Futures that were down as much 4% are now in the green. Short term perhaps the market was due ...
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