%T Lessons from quantitative easing: a guide for Australian policymakers %A Stephen Kirchner %I United States Studies Centre %D 2019 %K Federal government, %K Central banks, %K Monetary policy, %K Interest rates, %K Economic indicators, %K Quantitative easing %U https://apo.org.au/node/242181 %X This report argues that quantitative easing (QE) is an operating instrument for policy, rather than a monetary policy as such. As with policy conducted via official interest rates, QE’s effectiveness depends on the policy framework in which it is located, as well as how the policy is communicated and executed. %9 Report