Quantitative easing

Nouriel Roubini and Stephen Miran see a debt-issuance strategy at the US Treasury that is working at cross-purposes with the American central bank

Nouriel Roubini and Stephen Miran see a debt-issuance strategy at the US Treasury that is working at cross-purposes with the American central bank

Chris Leitch argues the RBNZ's $53 billion government bond buying programme has proven to be nonsensical madness favouring commercial banks over taxpayers

Chris Leitch argues the RBNZ's $53 billion government bond buying programme has proven to be nonsensical madness favouring commercial banks over taxpayers

British evaluation of central bank quantitative easing says it's now a core part of monetary policy, meaning public trust in and understanding of QE is important

British evaluation of central bank quantitative easing says it's now a core part of monetary policy, meaning public trust in and understanding of QE is important

Reducing house-price inflation depends on identifying the drivers. Right now, that means interest rate policy and quantitative easing must change. Everything else is band-aid as the fireball grows

Reducing house-price inflation depends on identifying the drivers. Right now, that means interest rate policy and quantitative easing must change. Everything else is band-aid as the fireball grows

The Reserve Bank drives economic policy with officials, rather than elected Government, in the driver’s seat. But the Reserve Bank mandate provided by the Government is where it all starts

The Reserve Bank drives economic policy with officials, rather than elected Government, in the driver’s seat. But the Reserve Bank mandate provided by the Government is where it all starts

Quantitative easing is surely driving down interest rates and in time will most likely lead to inflation. Whether it will stimulate the economy is much more problematic

Quantitative easing is surely driving down interest rates and in time will most likely lead to inflation. Whether it will stimulate the economy is much more problematic

The flooding of capital markets with massive new money from the RBNZ's quantitative easing program calls for a fuller debate of what the central bank and the Minister of Finance are trying to achieve, says Keith Woodford

The flooding of capital markets with massive new money from the RBNZ's quantitative easing program calls for a fuller debate of what the central bank and the Minister of Finance are trying to achieve, says Keith Woodford

Koichi Hamada predicts that economies like Japan will have little choice but to pursue post-pandemic monetary expansion

Koichi Hamada predicts that economies like Japan will have little choice but to pursue post-pandemic monetary expansion

Economist Brian Easton points out that a fiscal deficit creates a liability for the government. Somewhere outside government in the private sector there is a private asset matching this public liability

Economist Brian Easton points out that a fiscal deficit creates a liability for the government. Somewhere outside government in the private sector there is a private asset matching this public liability

RBNZ to buy more government bonds, as well as corporate and asset-based securities to support liquidity in the corporate sector

RBNZ to buy more government bonds, as well as corporate and asset-based securities to support liquidity in the corporate sector

Raf Manji urges the RBNZ not to make the mistake of previous overseas QE programmes by focusing entirely on supporting the financial markets

Raf Manji urges the RBNZ not to make the mistake of previous overseas QE programmes by focusing entirely on supporting the financial markets

The RBNZ will buy up to $30 bln of Government bonds as the negative impacts of the emergency intensify in New Zealand and financial conditions tighten 'unnecessarily'

The RBNZ will buy up to $30 bln of Government bonds as the negative impacts of the emergency intensify in New Zealand and financial conditions tighten 'unnecessarily'

David Hargreaves takes liberties with metaphors as he ponders the uphill task RBNZ Governor Adrian Orr has as he tries to get New Zealand spending and investing

David Hargreaves takes liberties with metaphors as he ponders the uphill task RBNZ Governor Adrian Orr has as he tries to get New Zealand spending and investing

Reserve Bank Governor Adrian Orr puts in a plug for the Government and businesses to invest more to take advantage of low global interest rates

Reserve Bank Governor Adrian Orr puts in a plug for the Government and businesses to invest more to take advantage of low global interest rates

Lobbyist and think tank the NZ Initiative is concerned the Reserve Bank's role could 'morph' once it starts using unconventional monetary policies and it might feel required to align itself with the Government's fiscal policy

Lobbyist and think tank the NZ Initiative is concerned the Reserve Bank's role could 'morph' once it starts using unconventional monetary policies and it might feel required to align itself with the Government's fiscal policy

Reserve Bank Chief Economist Yuong Ha says there's no evidence to suggest monetary policy is less effective the lower interest rates go

Reserve Bank Chief Economist Yuong Ha says there's no evidence to suggest monetary policy is less effective the lower interest rates go

Koichi Hamada argues that reversing expansionary policies too quickly is riskier than maintaining them for too long

Koichi Hamada argues that reversing expansionary policies too quickly is riskier than maintaining them for too long

Stephen Roach spells out five lessons from a decade of quantitative easing policies by central banks

Stephen Roach spells out five lessons from a decade of quantitative easing policies by central banks

Finance Minister Grant Robertson says NZ won't require unconventional monetary policy in the foreseeable future

Finance Minister Grant Robertson says NZ won't require unconventional monetary policy in the foreseeable future

RBNZ says possibility of needing unconventional monetary policy tools 'higher than it ever was in history' meaning it needs to be ready just in case

RBNZ says possibility of needing unconventional monetary policy tools 'higher than it ever was in history' meaning it needs to be ready just in case

Ultra-loose monetary policy stopped being appropriate long ago says Germany's Jürgen Stark, and the ECB's refusal to normalise policy faster is drastically increasing the risks to financial stability

Ultra-loose monetary policy stopped being appropriate long ago says Germany's Jürgen Stark, and the ECB's refusal to normalise policy faster is drastically increasing the risks to financial stability

With most Japanese economic metrics improving except inflation, the Bank of Japan is between a rock and a hard place in deciding the policy course. Takatoshi Ito reviews their options

With most Japanese economic metrics improving except inflation, the Bank of Japan is between a rock and a hard place in deciding the policy course. Takatoshi Ito reviews their options

Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage

Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage

Kiwibank economists say the withdrawal of global QE is expected to affect the economy the NZ economy indirectly via financial markets, both through rising longer-dated interest rates and a lower currency

Kiwibank economists say the withdrawal of global QE is expected to affect the economy the NZ economy indirectly via financial markets, both through rising longer-dated interest rates and a lower currency

Geoff Simmons and Bernard Hickey discuss the options New Zealand has in a zero interest rate world

Geoff Simmons and Bernard Hickey discuss the options New Zealand has in a zero interest rate world