On Wednesday afternoon, the Federal Reserve announced an important change in its strategy for reducing the bonds it holds on its balance sheet—a process known as quantitative tightening. Here’s a look ...

Quantitative easing (QE) has been criticized for helping fuel the post-COVID inflation boom and causing large central bank losses. In this paper, we argue that QE should be evaluated mainly on its ...

Quantitative easing is a monetary policy action used to stimulate economic activity. The central bank purchases a large number of securities over time in hopes of increasing money supply, easing ...

BoE head Andrew Bailey explains reducing UK gilt holdings to restore future intervention capacity, responding to criticism of QE and QT moves.

Andrew Bailey has launched a robust defence of the Bank of England’s controversial bond sale programme, arguing it will ...

The Federal Reserve has been using quantitative easing and quantitative tightening to conduct monetary policy. The approach has been effective in achieving the Federal Reserve's goals. The strong ...

In the wake of continued weakness in the Japanese economy and recent market turbulence due to the terrorist attacks in the U.S., the Bank of Japan (BOJ) recently increased the intensity of its ...

The past few years of financial policy have been defined by the Federal Reserve’s decision to tighten the economy. By holding onto proceeds of maturing securities without reinvesting them and raising ...

“This is not QE. In no sense is this QE.” That was Jerome Powell in early October, answering a reporter’s question on whether the Federal Reserve’s intervention in the overnight U.S. repo market ...

Quantitative easing stimulates the economy by increasing bank lending and consumer spending. The Fed buys securities from banks, boosting their liquidity and lending capacity. Potential risks include ...