The 2008 financial crisis brought to the common language a new abbreviation – QE (quantitative easing). A non-conventional instrument that may cause high inflation, QE became a mainstream tool in 2009 when the Federal Reserve, European Central Bank and other banks in advanced economies used it on an enormous scale to soften the consequences of the financial crisis.
OP-ED
Yuriy Gorodnichenko, Ilona Sologoub: Quantitative easing for Ukraine?
A man looks a sign advertising currency exchange rate on March 19, 2020, in Kyiv.
