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Quantitative easing does not address the fundamental problems underpinning struggling western economies

By John Doukas

Abstract

Quantitative easing has been adopted by a number of central banks in the wake of the global financial crisis. John Doukas takes an in-depth look at the effects of quantitative easing, arguing that it not only fails to increase real economic activity, it also increases unemployment and encourages outsourcing to developing countries that offer higher rates of return. He concludes that economic growth and job creation should be the priority of western governments and not of central banks

Topics: HG Finance, JN Political institutions (Europe)
Publisher: Blog post from London School of Economics & Political Science
Year: 2013
OAI identifier: oai:eprints.lse.ac.uk:50179
Provided by: LSE Research Online

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