Quantitative Conclusion

bernankeyellenSix and a half years into Quantitative Easing, GDP and inflation are higher than they would otherwise have been and feared asset bubbles have not generally materialized. However, stock and bond prices have risen, boosting wealth inequality, but the improved labor market reduced unemployment and income inequality. Lastly, higher inflation rates helped borrowers (who tend to be poorer) at the expense of lenders which reduced overall inequality.

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