Quantitative easing doesn’t work: Woodford


Quantitative easing (QE) programme is ineffective, but targeted asset purchases by a central bank can work when financial markets are sufficiently disrupted, research co-authored by one of the most respected monetary economists in the world has said.

In a National Bureau of Economic Research paper, published on Monday, Michael Woodford, a professor at Columbia University and the author of one of the seminal texts on monetary policy, and Vasco Curdia, a researcher at the New York Federal Reserve,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: