Strong Push Back at Jackson Hole
September 05, 2012 at 16:01 PM EDT
In his Jackson Hole speech, Ben Bernanke argued that quantitative easing (in particular Large Scale Asset Purchases, or LSAPs) has had large macroeconomic effects, saying that “a study using the Board’s FRB/US model of the economy found that, as of 2012, the first two rounds of LSAPs may have raised the level of output by [...]
