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What might happen when Quantitative Easing is Eased

Summary:
A speech to a meeting of clients of Dun and Bradstreet at the Globes 2013 conference on what QE is, and whether tapering might have negative effects on the economy. I use the Minsky Open Source modelling program to sketch out the possible effects. I conclude that the damage is likely to be felt on ...

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A speech to a meeting of clients of Dun and Bradstreet at the Globes 2013 conference on what QE is, and whether tapering might have negative effects on the economy. I use the Minsky Open Source modelling program to sketch out the possible effects. I conclude that the damage is likely to be felt on Wall Street rather than Main Street, where QE has always been mainly a placebo, rather than a cure for what truly ails the economy


Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

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