QE and Other Unconventional Monetary Policy Tools
In this series, Tim will cover the recent history of unconventional monetary policy, specifically quantitative easing in four of the world’s major economies: The United States, the United Kingdom, the Eurozone and Japan. In this video, Tim provides an introduction to Quantitative Easing.
Overview
The Fed and the BOE appear to have been the most successful so far in terms of the effectiveness of their QE. The ECB has been only modestly successful, and The Bank of Japan, although the longest modern user of QE, has been the least effective. In 2018, the UK, US, Eurozone, and Japan accounted for nearly 50% - around $42 trillion - of the world’s $85.8 trillion of GDP.
Key learning objectives:
What are the benefits of QE?
When was QE introduced in the Eurozone and Japan?
Why were some countries reluctant to adopt QE?
What needs to be considered when using QE?
Summary
Expert
Tim Hall
Tim has nearly 30 years of experience in the international capital markets at major global institutions and has worked both on the buy-side and the sell-side. He has worked with numerous companies, banks and governments in developed and emerging markets on investment grade and high yield bond issues, from straight-forward to very complex acquisition/leveraged financings. Tim has also been on the board of a UK “challenger bank.” Tim has an MBA from the Wharton School, and is a CFA.
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