Canadian Non-Qe
Friday at Hoover nosotros volition bring a serial of events reexamining the lessons of the fiscal crisis together with recession. (There is a world lawsuit here, inwards illustration you're interested. Presenters include George Schultz, John Taylor, Niall Ferguson, Caroline Hoxby together with Darrell Duffie.)
In preparing a presentation on QE, I stumbled across the next fact.
1) Canada did non produce QE, quantitative easing. (Kjell Nyborg showed us this fact inwards a very interesting finance seminar on a unlike theme -- European banks are borrowing from the ECB using rotten collateral)
2) Use vs. Canadian 10 twelvemonth authorities bond rates were close identical inwards the QE period.
Conventional wisdom states that U.S. QE lowered involvement rates past times 1%. I am a skeptic, together with this graph reinforces my skepticism.
One powerfulness say that the U.S. exports its monetary policy effects to Canada. But the Canadian Dollar is its ain currency, then telephone commutation rates, non involvement rates should soak upwards that difference.
One tin dismiss complain inwards many ways, simply this seems to me to add together to the persuasion that QE didn't fifty-fifty modify involvement rates.
In preparing a presentation on QE, I stumbled across the next fact.
1) Canada did non produce QE, quantitative easing. (Kjell Nyborg showed us this fact inwards a very interesting finance seminar on a unlike theme -- European banks are borrowing from the ECB using rotten collateral)
2) Use vs. Canadian 10 twelvemonth authorities bond rates were close identical inwards the QE period.
Conventional wisdom states that U.S. QE lowered involvement rates past times 1%. I am a skeptic, together with this graph reinforces my skepticism.
One powerfulness say that the U.S. exports its monetary policy effects to Canada. But the Canadian Dollar is its ain currency, then telephone commutation rates, non involvement rates should soak upwards that difference.
One tin dismiss complain inwards many ways, simply this seems to me to add together to the persuasion that QE didn't fifty-fifty modify involvement rates.
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