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 strategy

Ben Bernanke’s AEA Presidential Address on the New Tools of Monetary Policy

Guy Debelle’s speech on the Australian Economy and Monetary Policy

US money supply (M2) data from FRED

Money supply growth chart for Australia from RBA

A conversation with Professor Alan Blinder '67 and Chair Jerome Powell '75

Robert Heller’s IMF paper on International Reserves, Money, and Global Inflation (from p. 28)