Working Paper No. 639 | November 2010

US “Quantitative Easing” Is Fracturing the Global Economy

The Federal Reserve’s quantitative easing is presented as injecting $600 billion into “the economy.” But instead of getting banks lending to Americans again—households and firms—the money is going abroad, through arbitrage interest-rate speculation, currency speculation, and capital flight. No wonder foreign economies are protesting, as their currencies are being pushed up.

Publication Highlight

Public Policy Brief No. 153
Multidimensional Inequality and COVID-19 in Brazil
Author(s): Luiza Nassif Pires, Laura Carvalho, Eduardo Rawet
September 2020

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