Macroeconomic policy Quantitative (displ)easing? Does QE work and how should it be used next time? 7 September 2019 by Jack Leslie and Fahmida Rahman and James Smith and Joe Gagnon After the financial crisis, central banks purchased massive amounts of long-term bonds to stimulate economies. These purchases have come to be known as quantitative easing (QE) and have been hugely controversial – barely a third (37 per cent) of UK Members of Parliament, when polled, support its use in future. In theory, QE stimulates the … Continued READ MORE