Â鶹AV

News

The boom-and-bust Fed's rental society

Published: 18 October 2014

Article By Reuven BrennerÌý

Now, as during World War II and up to 1951, the US Federal Reserve practiced what is now called quantitative easing (QE). Then, as now, nominal interest rates were low and the real ones negative: The Fed’s policy did not so much induce investments as it allowed the government to accumulate debts, and prevent default.Ìý

...ÌýReuven BrennerÌýholds the Repap Chair at Â鶹AV’s Desautels Faculty of Management. The article draws on hisÌýForce of FinanceÌý(2002).Ìý

Read full article: , October 17, 2014

Feedback

For more information or if you would like to report an error, please web.desautels [at] mcgill.ca (subject: Website%20News%20Comments) (contact us).

Back to top