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The downside of quantitative easing

Author

Listed:
  • Daniel L. Thornton

Abstract

Current excess reserves could create a massive increase in the money supply if banks significantly increase their lending or investing.

Suggested Citation

  • Daniel L. Thornton, 2010. "The downside of quantitative easing," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2010:n:34
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    File URL: http://research.stlouisfed.org/publications/es/10/ES1034.pdf
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    Citations

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    Cited by:

    1. Leonardo Gambacorta & Boris Hofmann & Gert Peersman, 2014. "The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross‐Country Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(4), pages 615-642, June.
    2. Wenzhi Zheng & Yuting Lou & Yu Chen, 2019. "On the Unsustainable Macroeconomy with Increasing Inequality of Firms Induced by Excessive Liquidity," Sustainability, MDPI, vol. 11(11), pages 1-22, May.
    3. Hans-Peter Burghof & Otte,Max & Tobias Tröger & Ansgar Belke & Thorsten Polleit & Martin Klein, 2015. "Negativzinsen bei Geschäftsbanken: Welche Effekte sind zu erwarten?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(02), pages 05-25, January.
    4. Bröhmer Jürgen, 2019. "Economic Constitutionalism in the EU and Germany – The German Constitutional Court, the European Court of Justice and the European Central Bank between Law and Politics," The Law and Development Review, De Gruyter, vol. 12(3), pages 761-795, October.

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