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The effects of quantitative easing in the us and Eurozone
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Autores
Orientador(es)
Resumo(s)
This paper presents a comprehensive analysis of the impact of quantitative easing
(QE) programs in the United States and the euro area during the QE1-QE3 period 2008-
2013. The study's main objective is to critically examine both policies' positive and
negative effects and assess their effectiveness. The paper analyzes whether QE 's goals of
stabilizing financial markets, stimulating economic growth, and controlling inflation have
been achieved and investigates which transmission channels proved the most effective.
The paper also examines alternative explanations for the economic outcomes observed
during the implementation of QE programs. Particular attention is paid to the effects of
QE on consumption, investment, unemployment, and house prices, as well as to a critical
analysis of the theoretical underpinnings and real-world consequences of increasing the
monetary base in a modern economy. The study results show that QE has limited
effectiveness in stimulating investment and consumption and, thus, has limited impact on
the real economy; and the moreover risk involves of increasing social inequality.
Descrição
Master Monetary and Financial Economics
Palavras-chave
Quantitative Easing Unconventional Monetary Policy Eurozone US
Contexto Educativo
Citação
Osmanovic, Outros nomes (2021). “Título”. Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão
Editora
Instituto Superior de Economia e Gestão