Quantitative Easing as a long-term strategy with Michael Knox

<p>Quantitative Easing (QE), once considered unconventional monetary policy, is becoming a long-term strategy of central banks. Michael Knox, Chief Economist of Morgans, a major Australian wealth management firm, discusses his recent note on this issue with Economics Explored host Gene Tunny.</p><p>Relevant links include:</p><p><a href="https://drive.google.com/file/d/1JU5WsZdPDIGV4tq2Nigr-PWXmX4SXJcz/view?usp=sharing" target="_blank">Michael Knox’s note QE as a long-term strategy</a></p><p><a href="https://www.brookings.edu/blog/ben-bernanke/2020/01/04/the-new-tools-of-monetary-policy/" target="_blank">Ben Bernanke’s AEA Presidential Address on the New Tools of Monetary Policy</a></p><p><a href="https://www.rba.gov.au/speeches/2020/sp-dg-2020-09-22.html" target="_blank">Guy Debelle’s speech on the Australian Economy and Monetary Policy</a></p><p><a href="https://fred.stlouisfed.org/series/M2" target="_blank">US money supply (M2) data from FRED</a></p><p><a href="https://www.rba.gov.au/chart-pack/credit-money.html" target="_blank">Money supply growth chart for Australia from RBA</a></p><p><a href="https://youtu.be/aleAwnAALPM" target="_blank">A conversation with Professor Alan Blinder '67 and Chair Jerome Powell '75</a></p><p><a href="https://drive.google.com/file/d/1KQzDcE0k0NhHp3tXK8gdTzAllssFP8e3/view?usp=sharing" target="_blank">Robert Heller’s IMF paper on International Reserves, Money, and Global Inflation</a> (from p. 28)</p>