Cebula, Richard; Rossi, Fabrizio - In: Journal of Financial Economic Policy 14 (2021) 4, pp. 468-475
Purpose: This study mathematically aims to evaluate the implications of a central bank’s adoption of a policy of quantitative easing (QE)/relative QE. Design/methodology/approach: It is shown, within an investment-savings (IS)-liquidity preference-money supply (LM) framework, that this policy...