One of the questions of discussion in the current economic, as well as political, world is the debate about austerity measures. It is based on the contemplation of whether the government should make cuts to public spending in order to
Say your car is stuck at the bottom of a hill and in first gear with the gas pedal flattened on the floor, but the machine still doesn’t move or give any sign of life at all. What would you
Seven years after the financial crisis, the UK and USA can finally expect firm evidence that their economies have recovered in the form of central banks increasing interest rates. The most recent Reuters polls have suggested a Federal Reserve rate
Quantitative easing (QE) falls under the bracket of unconventional monetary policy. It is commonly used for the objective of stimulating the economy when conventional monetary policy has become ineffective. Conventional monetary policy includes cutting interest rates and this may be
Monetary policy in advanced economies: Then and now On the 29th of October 2014, the business world was shaken by the Federal Reserve’s hawkish decision to cease quantitative easing. Years ago, quantitative easing was alien in the world of economics.