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How Might the U.S. "Quantitative Easing" Develop?

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  • Philip Arestis
  • Elias Karakitsos

Abstract

A continuation of the current policy of bond purchases known as quantitative easing is highly probable under Janet Yellen, who is likely to be confirmed as the successor to Federal Reserve chair Ben Bernanke. The authors assess the probable outcomes for interest rates, which they think will not rise significantly until late 2015, and believe that even a premature end to QE will not result in serious recession or inflation.

Suggested Citation

  • Philip Arestis & Elias Karakitsos, 2014. "How Might the U.S. "Quantitative Easing" Develop?," Challenge, Taylor & Francis Journals, vol. 57(1), pages 5-18.
    • Handle: RePEc:mes:challe:v:57:y:2014:i:1:p:5-18
    DOI: 10.2753/0577-5132570101
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    References listed on IDEAS

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    1. Philip Arestis, 2012. "Fiscal policy: a strong macroeconomic role," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(0), pages 93-108.
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