Impact of quantitative easing policy on Inflation in the United States of America during the period 2008-2015 (econometric study ARDL methodology)
Abstract
The quantitative easing policy is one of the most important non-conventional monetary policy tools used by the United States to escape the deflation in the global financial crisis. The Federal Reserve has made monetary expansion by buying government bonds and lowering interest rates to affect the financial and real economy. In this study, we attempted to explain the effect of this policy on inflation as one of the important macro indicators in the United States during the period 2008-2015 by using empirical analysis based on the autoregressive distributed lag (ARDL) approach. In this study we concluded that quantitative easing policy have a positive effect on inflation rates in the short and long term.
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References
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