QUANTITATIVE EASING: A KEYNESIAN CRITIQUE
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Published:
Apr 18, 2013
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Abstract
Keynesian economists have generally supported quantitative easing (QE) on groundsit 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 political economy based on “asset market trickle-down” that obstructs needed policy change.
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How to Cite
Palley, T. I. (2013). QUANTITATIVE EASING: A KEYNESIAN CRITIQUE. Investigación Económica, 70(277). https://doi.org/10.22201/fe.01851667p.2011.277.37317
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