Quantitative
in sentence
681 examples of Quantitative in a sentence
The Fed began an aggressive policy of
quantitative
easing in the summer of 2008 at the height of the economic and financial crisis.
The large volume of reserves, together with the liquidity created by
quantitative
easing and Operation Twist, makes that risk greater.
Even taking into account the impact of
quantitative
easing since 2008, long-term rates are higher than expected.
And, because the European Central Bank has already bought many Italian bonds through its
quantitative
easing (QE) program, it could not readily intervene further.
To be sure, the US may respond to China’s devaluation by postponing interest-rate hikes or moderating the pace of its withdrawal from
quantitative
easing, and Japan may intensify its own QE to cope with negative spillovers.
But, as both traditional Keynesians and FTPL followers would note,
quantitative
easing – which amounts to an exchange of money for its close substitutes (zero-interest bonds) – becomes less effective in stimulating demand over time.
The ensuing currency battles are being fought on several fronts: foreign-exchange intervention,
quantitative
easing, and capital controls on inflows.
But they are largely ignoring another, much more fundamental question: How much discretion should the Fed – indeed, any central bank – be given to conduct daring monetary-policy experiments like the vast
quantitative
easing conducted by Bernanke’s Fed over the last five years?
The Return of Currency WarsNEW YORK – The recent decision by the Bank of Japan to increase the scope of its
quantitative
easing is a signal that another round of currency wars may be under way.
The European Central Bank and the central banks of Switzerland, Sweden, Norway, and a few Central European countries are likely to embrace
quantitative
easing or use other unconventional policies to prevent their currencies from appreciating.
Meanwhile, despite
quantitative
easing, many companies have limited access to credit, depressing investment and reducing job creation.
When Inflation Doves CryPITTSBURGH – The Wall Street Journal recently ran a front-page article reporting that the monetary-policy “doves,” who had forecast low inflation in the United States, have gotten the better of the “hawks,” who argued that the Fed’s monthly purchases of long-term securities, or so-called
quantitative
easing (QE), would unleash faster price growth.
My argument rested on my view that the global economy was entering a major recession, and I had the benefit of my
quantitative
work, with Carmen Reinhart, on the history of financial crises.
Unsurprisingly, growth was swift – until late last year, when the combination of the US Federal Reserve’s gradual exit from
quantitative
easing and lower commodity prices worldwide caused a swift deceleration in economic activity.
Its merit is its head-on challenge to the neoliberal obsession with deficits and debt reduction, and to reliance on
quantitative
easing as the sole – and now exhausted – demand-management tool.
But, even with the limited
quantitative
evidence available, there are good reasons to believe that capital punishment deters.
The enormous program of
quantitative
easing that Draghi pushed through, against German opposition, has saved the euro by circumventing the Maastricht Treaty’s rules against monetizing or mutualizing government debts.
The US Federal Reserve’s 2013 “taper tantrum” over the expected reduction in the scope of
quantitative
easing, and expectations of an interest-rate hike, have all contributed to a marked outflow of capital from the developing world.
Prior to the crisis, the wealth effect produced by high asset prices mitigated downward pressure on consumption, just as low interest rates and
quantitative
easing since 2008 have produced substantial gains in asset prices that, given weak economic performance, probably will not last.
This is what so-called
quantitative
easing does.
In the United States, the Federal Reserve has sent bond markets into a tizzy by signaling that
quantitative
easing (QE) might be coming to an end.
And it embarked on an unprecedented expansion of its balance sheet under the guise of
quantitative
easing.
It has now changed sides and embraced
quantitative
easing on an unprecedented scale.
Quantitative
studies show that such patterns of structural change are exerting a substantial drag on economic growth in Latin America, Africa, and in many Asian countries.
Of course, some of the pessimism arises from the weakness of Europe, which has agreed only that the European Central Bank be lender of last resort; and some stems from recognition of the limits of
quantitative
easing.
Money creation, through
quantitative
easing, will not fuel the real economy if the new money ends up in banks that do not lend.
It is worth noting that the Japanese checked each of these boxes over the last two decades: They held interest rates low, introduced
quantitative
easing, and launched massive debt-financed spending on infrastructure.
In principle, the Fed could launch another round of
quantitative
easing.
Second, extremely loose monetary policies (zero interest rates,
quantitative
easing, new credit facilities, emissions of government bonds, and purchases of illiquid and risky private assets), together with the huge sums spent to stabilize the financial system, may be causing a new liquidity-driven asset bubble in financial and commodity markets.
Indeed, the Fed has reiterated its intention to hold the federal funds rate near zero well past the time that the unemployment rate falls below 6.5%, while gradually trimming its purchases of long-term assets – so-called
quantitative
easing – by $10 billion a month.
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