Η νέα νομισματική πολιτική μετά την μεγάλη κρίση του 2008-2009: ποιοι είναι οι πιθανοί κίνδυνοι της ποσοτικής χαλάρωσης;
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Keywords
Νομισματική πολιτική ; Κεντρικές τράπεζες ; Ποσοτική χαλάρωση ; Επιτόκια ; Πληθωρισμός ; Ομόλογα ; Πρόγραμμα αγοράς περιουσιακών στοιχείων ; Λαϊκό QE ; Ευρωoμόλογο ; Monetary policy ; Central banks ; Quantitative easing ; Interest rates ; Inflation ; Bonds ; Asset purchase program ; Modern monetary theory ; EurobondAbstract
In this dissertation, a research will be conducted on the monetary policy pursued after the crisis of 2008-2009. More specifically, it will focus on the implementation of the quantitative easing programs, which have acted and have been introduced as an additional and unconventional - until recently - measure for the Eurosystem and the United States.
The following chapters will show the structure of the programs established by the central banks in Eurozone, the USA and Japan, their content and their effects, which will be thoroughly examined across the spectrum of the economy, as they are substantiated and interpreted. Special mention will be made in the quantitative easing program followed by the US Federal Reserve Bank and how this monetary effort is valued upon various factors & aspects.
Moreover, the alternative and more anthropocentric "version" of quantitative easing (based on Modern Monetary Theory) will be mentioned, focusing on social welfare, in addition to the footprint made in the money markets, but also pointing to the role that central banks should play in creating money to achieve a virtuous economic cycle.