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1 septembre 2011
- handle: 10670/1.4r1484
info:eu-repo/semantics/openAccess
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quantitative easing monetary policy asset pricesSujets proches
Hours (Time) Esteem Deference Commercial products--Prices Commodity prices Price theory Justum pretium Papers Monetary management DorsumCiter ce document
Thomas I. Palley, « Quantitative easing: a Keynesian critique », Investigación económica, ID : 10670/1.4r1484
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Résumé
Keynesian economists have generally supported quantitative easing (QE) on grounds it increases aggregate demand and anything that increases demand at this time of demand shortage is welcome. This paper argues that response may be misplaced. QE may back fire with respect to demand stimulus create potentially significant future dangers, and is supportive of a plutocratic based on "asset market trickle-down" that obstructs needed policy change.