International Journal of Digital Journalism(IJDJ)

Assistant Professor, Teaching Macroeconomics and Central Banking, at National institute of Bank Mana, India

Publications

• Review Article   
  The Quantitative Easing Policies (QE) During Recessions and The Monetary Policy Issues Especially Still the Relevance of The Money Supply
  Author(s): Thomas Muthucattu Paul* and Jiji T Mathew
  
  This short article discusses the economic background under which the Quantitative Easing (QE) policies have been initiated by the major central banks of the advance countries in the world. The QE was initiated by the major central banks because the conventional ‘inflation targeting policy through short term interest rates policies were found to be ineffective in fighting the recession of the years 2008-2009, as the short term interest rates had already reached a floor and the central banks could not reduce the rates further down. This might have been due to the ‘Keynesian Liquidity trap’. Then the central banks resorted to buying the long-term assets such as the bonds, the mortgage securities and selling or pumping the money to the public, financial institutions and the households. We have discussed the operation and working of these QE policies in the USA, the U.K, .. Read More»
  

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