Chen, Qianying; Filardo, Andrew; He, Dong; Zhu, Feng - Hong Kong Institute for Monetary Research (HKIMR), … - 2014
severe deflation in the advanced economies. Third, the impact on emerging economies has varied but is generally stronger than … in the US and other advanced economies. US QE measures contributed to overheating in Brazil, China and other emerging … economies in 2010 and 2011, but supported recovery in 2009 and 2012. The sign and size of QE effects differ across economies …