Saturday, March 21, 2009

Weekend Quantitative Easing Wonkfest

The Fed has announced a massive quantitative easing program directed at purchases of mortgage backed securities and long-term treasuries - following the liquidity trap/deflation playbook discussed in this post.

So what is quantitative easing? Here are some great links that should tell you all you ever wanted to know. Enjoy!

Quantitative Easing - Econobrowser

Quantitative Easing Explained - Financial Times
A look at the Bank of England’s balance sheet - Macroblog
Is quantitative easing trying to raise or lower interest rates? - Worthwhile Canadian

How should we think about the monetary transmission mechanism? - Macroblog
Quantitative Easing and the Bank of Japan - Federal Reserve Bank of San Francisco
Did Quantitative Easing by the Bank of Japan Work? -Federal Reserve Bank of San Francisco
Fiscal Aspects of Quantitative Easing (Wonkish) - Paul Krugman

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