Tag Archives: qe

The Global Financial Crisis of 2008 birthed a wave of unorthodox expansionary monetary policy measures. Quantitative easing sought to lower bond yields, pushing financial institutions into riskier assets and thereby increasing aggregate demand; similarly incentivising banks to resume lending, shoring up their balance sheets as bond prices soared. The reality was more complex. Highly leveredContinue reading “Failure of QE in 2008?”