Akademik Veri Yönetim Sistemi
XIX. Internaonal Balkan and Near Eastern Congress Series on Economics, Business and Management, Plovdiv, Bulgaristan, 8 - 09 Nisan 2023, ss.980
This study investigates the the effect of Quantitative Easing, an unconventional monetary policy instrument
widely used by the world's leading central banks following the Covid-19 pandemic crisis, on financial and real markets.
Quantitative easing or monetary ex is policy in which a central bank purchases government securities or other financial
assets on a large scale to inject money into the economy to expand economic activity. Quantitative easing is one of the
most widely used instruments in times of crisis. The aim of quantitative easing is to inject money into the economy in order
to revive nominal spending. This effect come about through expectations and the availability of credit. The article presents
the experiences of the Federal Reserve and the European Central Bank based on fundamental data. The data show that
during the Covid-19 pandemic crisis, quantitative easing has a significant impact on aggregate demand, inflation and GDP in
the US and Eurozone.