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Quantitative Easing -

Has QE failed?

And is helicopter money the final frontier? Our latest research delves into how the largest economies in the world have adopted QE, what this means to investors, and the longer-term implications.

Published

4th May 2021

Category

At its simplest, QE impacts interest rates, and interest rates affect almost every financial decision governments, corporations and individuals make: taking out a mortgage for a family home, putting the summer holiday on your credit card, extending an overdraft, borrowing to invest in your business, and the cost of government borrowing.

To bring this intangible topic to life, we’ve developed a series of twelve questions, statements and quotes to prompt key discussions designed to debunk some of the myths, unlock some of the truths and share our forecasts on subject matters ranging from the prospect of negative interest rates in the UK to the debate around inequality, and whether helicopter money can actually work.

 

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Complete the form to receive a copy of the report and uncover for yourself the $24trn monetary experiment called Quantitative Easing (QE) and its far reaching implications.

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Four-part series

Quantitative Easing Explained

To find out more about quantitative easing, we developed 'Everything you always wanted to know – but never dared to ask – about the exciting world of central banking', a light-hearted story about helicopters, printing presses and money creation.
 

View all four issues

Quantitative Easing Explained

Gregory Perdon, Co-CIO

I have been an investment manager for over two decades, but still see myself as a student of the markets. When clients ask, “What keeps you motivated through the ups and downs on offer from fixed income, equity and foreign exchange?” my answer is simple: a genuine curiosity to understand the biggest questions facing investors at the moment. Today, the most significant financial questions revolve around the world of monetary policy following the $24trn balance sheet expansion by the four major central banks since 2008.

I started my career as a professional investor just before Russia defaulted on their government debt – an event considered inconceivable at the time due to Russia’s membership of the nuclear arms club. From that moment on, government intervention appeared to play a bigger and bigger role in global markets. And it is for this reason we have turned our attention to investigating just that – extreme monetary policy intervention.