New white paper of mine at SSRN on QE. It’s a brief primer that offers a succinct undertanding of QE and debunks some misunderstandings:
“Many misunderstandings are still circulating about the actual operational aspects and impacts of Quantitative Easing, also known as Permanent Open Market Operations or Large Scale Asset Purchases. This brief primer will provide a series of basic understandings that give the reader better insights as to the actual impacts of the program and how it works with the hope of clarifying some of the misconceptions.”
Read the whole paper here.