Evaluation of the Unconventional Monetary Policy: Evidence from the EU and the US
Journal of Insurance and Financial Management
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Title |
Evaluation of the Unconventional Monetary Policy: Evidence from the EU and the US
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Creator |
Hassan, Shady
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Description |
The monetary response to the 2007 financial crisis was unprecedented. The US Federal Reserve and the European Central Bank (ECB) tried to counter, unsuccessfully, the deflationary forces in their economies throw the regular instruments. Therefore, the ECB and the Fed started to experiment with unconventional policies as they started to purchase a large amount of privet and governments assets of different maturities. That process, which is commonly referred to as quantitative easing (QE), is the focus of this paper. The paper evaluates those policies’ impact on the interest, inflation, unemployment rates and inequality. The paper also examines the effects of those Central Banks policies on the redistribution of risks from southern Europe (e.g. Greece) to the northern ones (e.g. Germany).
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Publisher |
Journal of Insurance and Financial Management
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Contributor |
—
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Date |
2016-06-10
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/38
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Source |
Journal of Insurance and Financial Management; Vol 1, No 5 (2016): Journal of Insurance and Financial Management
2371-2112 |
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Language |
eng
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Relation |
https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/38/pdf
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Rights |
Copyright (c) 2016 Shady Hassan
http://creativecommons.org/licenses/by/4.0 |
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