Quantitative Easing as a long-term strategy with Michael Knox

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.Relevant links include:Michael Knox’s note QE as a long-term strategyBen Bernanke’s AEA Presidential Address on the New Tools of Monetary PolicyGuy Debelle’s speech on the Australian Economy and Monetary PolicyUS money supply (M2) data from FREDMoney supply growth chart for Australia from RBAA conversation with Professor Alan Blinder '67 and Chair Jerome Powell '75Robert Heller’s IMF paper on International Reserves, Money, and Global Inflation (from p. 28)