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Monetary System and the Money Multiplier : The Impact of U. S. Fed Bond Purchases on Inflation Since 2008 by Heiko Schmolke (2015, Trade Paperback)

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The current scientific consensus is also examined by analyzing the latest publications and papers of acknowledged economists. A dramatic buildup of excess reserves as a byproduct of QE is worrying. This investigation was created as part of a seminar paper of MBA studies at the FOM University of Applied Sciences Berlin, Germany.

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Product Identifiers

PublisherCreateSpace

ISBN-101512364770

ISBN-139781512364774

eBay Product ID (ePID)212117483

Product Key Features

Book TitleMonetary System and the Money Multiplier : The Impact of U. S. Fed Bond Purchases on Inflation Since 2008

Number of Pages26 Pages

LanguageEnglish

TopicEconomics / Macroeconomics

Publication Year2015

GenreBusiness & Economics

AuthorHeiko Schmolke

FormatTrade Paperback

Dimensions

Item Height0.1 in

Item Weight4.2 Oz

Item Length11 in

Item Width8.5 in

Additional Product Features

Intended AudienceTrade

TitleLeadingThe

SynopsisThis research analyzes the impact of the U.S. Fed bond-buying program on the economy since 2008 and on inflation in particular. The theoretical basics for understanding the present monetary system are illustrated by introducing the monetary multiplier with its corresponding ratios and parameters. The current scientific consensus is also examined by analyzing the latest publications and papers of acknowledged economists. In addition, statistics on money supply and inflation show that the Quantitative Easing Programs from the Fed have no current impact on inflation, which can be considered as reassuring but also alarming. A dramatic buildup of excess reserves as a byproduct of QE is worrying. The largest concern about the end of QE is how to reduce these excess reserves appropriately. Experiences from the Bank of Japan during their orderly exit from Quantitative Easing provide some strategies and alternatives how the Fed can reduce the enormous amount of reserves. Furthermore, the lessons learned from the BoJ show that the composition of assets the Fed has acquired will for the most part determine their approach to exit. This investigation was created as part of a seminar paper of MBA studies at the FOM University of Applied Sciences Berlin, Germany.