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Monetary Crisis: A 2013 Update
Author(s) -
Wolf Fran,
Tackett James A.
Publication year - 2013
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21900
Subject(s) - quantitative easing , monetary policy , economics , interest rate , monetary economics , zero (linguistics) , keynesian economics , addiction , macroeconomics , business , psychology , philosophy , central bank , neuroscience , linguistics
We are in the middle of possibly the most divisive debate in the economic history of the United States. Does the Federal Reserve's policy of quantitative easing (QE) make sense? Or is it, as one prominent critic has charged, a form of “monetary cocaine”—a dangerous business and consumer addiction to near‐zero interest rates? © 2013 Wiley Periodicals, Inc.