The ECB plans to purchase more than €1 trillion ($1.157 trillion) in public and private sector

| September 14, 2018

Excerpt from the WSJ, 1/22/2015″The ECB plans to purchase more than €1 trillion ($1.157 trillion) in public and private sector bonds by the fall of 2016, a landmark decision aimed at combating stagnation and ultralow inflation in a region that has emerged as a top risk to the global economic recovery.”It seems like the macroeconomic ‘buzzword’ Quantitative Easing (QE) has returned – the Fed in the US conducted three rounds of QE with the third jokingly referred to as “QE infinity.” As we know, the Fed is done with QE, at least for now. The ECB earlier this year announced their plans (as above) and Japan is in at least their second round of QE. In the first part of this problem, we are going to focus on Japan. Below is an excerpt from (here for article) the Guardian.”The Bank of Japan’s most recent QE programme began in April 2013, when central bank boss Haruhiko Kuroda promised to unleash a massive QE programme worth $1.4tn (£923bn).”From article: “While we remain sceptical of the ability of Japan to achieve 2% inflation over the next two years, governor Kuroda is at least stepping up the attack on deflation meaning that his chances of achieving some success have increased.”

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