Usoskin Valentin
Quantitative easing operations as an instrument of monetary policy
Publication Type:

ISSN 0042-8736

Quantitative easing operations (QE) carried out during the last ten years by world central banks have become a reaction to the weakness of traditional instruments used to counteract the financial crisis of 2007-2009 and the following recession. This article reviews the peculiar features of QE, theoretical explanations of their influence on economic situation and the evidences of their efficiency as an instrument of monetary policy. The author concludes that QE exerted a considerable impact on financial markets processes but they were much less successful in reaching macroeconomic goals of monetary policy.

Russian Science Citation Index


Kudinova Maria
Monetary Policy Transformation of Major Central Banks During the COVID‑19 Pandemic

Ranneva Nonna
Денежно-кредитная политика США: на пути к нормализации [Текст] / Н. А. Раннева // Международная экономика. – 2018. – № 12. – С. 57-79.

Kirichenko Elina
Федеральная резервная система США: пересмотр политики [Текст] / Э. В. Кириченко // Международная экономика. – 2018. – № 5. – С. 66-78.

Podkolzina Inna
Anti-crisis policy of the eurozone monetary authorities.

Glazova Elena , Stepanova Mariya
Inflation targeting: modern reassessment

Migranyan Azganush
Effects of sanctions against Russia on the post-soviet region. – Geoeconomics of Energetics. № 1 (21). P. 141-162. DOI: 10.48137/2687-0703_2023_21_1_141

Zeveleva Galina
Основные направления политики администрации Обамы в социальной сфере / Г.Н. Зевелева // Международная экономика. – 2012. – № 6. – С. 76–85.

Gadzhiev Kamaludin
Сдвиги в отношениях Запада с Россией в контексте ее сближения с Китаем [Текст] / К. С. Гаджиев // Вопросы политологии. – 2019. – Т. 9. – № 12(52). – С. 2763-2775. DOI: 10.35775/PSI.2019.52.12.022.

Mirkin Yakov
Трансформация в социальную рыночную экономику - миф или реальность для России // Экономическое возрождение России. 2021. № 1 (67). С. 48-53. DOI 10.37930/1990-9780-2021-1-67-48-53.

Podkolzina Inna
The Role of Inflation in the UK Economy in the Post-Pandemic Era

Usoskin Valentin
Anti-Crisis Policies of Central Banks in 2007 - 2014: Objectives, Peculiarities and Results

Ranneva Nonna
Современная система имплементации денежной политики ФРС // Международная экономика. 2022. № 6. С. 415-428. DOI 10.33920/vne-04-2206-02.

Ponedelko Galina
Financial, economic and social policy of Spain in the new conditions. Nauchno-analiticheskij vestnik IE RAN 29(5): 102-112. (in Russian). DOI: 10.15211/vestnikieran52022102112

Kondrat’ev Vladimir
Global market of rare-earth metals

Khesin Efim
Inflation Management: Drivers of Changes

Kvashnin Yuri
Prospects for Russian Investments in Ukraine

Ranneva Nonna
Inflation expectations: An overview of modern approaches

Komova Anna
Суверенные фонды как глобальные инвесторы: ретроспектива и прогноз [Текст] / А. В. Комова // Финансы, деньги, инвестиции. – 2019. – № 3. – С. 31-36. DOI: 10.36992/2222-0917_2019_3_31.

Kirichenko Elina
Export Controls as a Tool to Maintain U.S. Leadership in a Changing World. – Polis. Political Studies. 2020. No. 1. P. 74-88.

The role of mining industry in economy
Related publications

Comments (0)

No comments

Add comment

First news
Institute News

Attention to the readers of the «MEMO Journal»! English translations of a number of articles from No. 9, 10, 11, and 12 for 2023 have been posted on the journal's website.



Attention readers of the “MEMO Journal”! Opened in free access № 1 for 2024.


Recently Published