The massive expansion of central-bank balance sheets in response to recent crises raises important questions about the effects of such "quantitative easing" policies, both their effects on financial conditions and on aggregate demand (the intended effects of the policies), and their possible...

The massive expansion of central-bank balance sheets in response to recent crises raises important questions about the effects of such "quantitative easing" policies, both their effects on financial conditions and on aggregate demand (the intended effects of the policies), and their possible...

Actually both together work and can bring an economy on growth path, but general preference is towards Monetary Policy, because there is already a ‘Fiscal Overhang' in the system. To satisfy interest groups, Governments across the world run Fiscal Deficits and hit the ceiling quickly, the...