money multiplier

Publication date: 4 Nov 2015 | Publication type: National Institute Economic Review | External authors: Cline, W R | JEL classification: E41, E50, E51, E52, E58 | Journal: National Institute Economic Review Issue 234 | Publisher: Sage Publications, London
Since the onset of the Federal Reserve’s unconventional programme of large-scale asset purchases, known as quantitative easing (QE), some economists and financial practitioners have feared that the consequent buildup of the Fed’s balance sheet could lead to a large expansion of the money supply,...