| Project Title: | Quantitative Easing: Economic Effects in the United States during the Covid Era |
| Author: | Mr. Michael J. Hart |
| Advisor: | Dr. Tanakorn Limsarun |
| Degree: | Master of Business Administration (International Program) |
| Major: | Finance |
| Faculty: | Graduate Schools |
| Academic year: | 2022 |
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Published: |
Proceedings The 15th National and International Academic Conference “Creating Shared-Value and Innovation for Sustainability” 18-20 January 2023 |
Citation
Hart, Michael J. (2023). Quantitative easing: Economic effects in the United States during the Covid era (Master’s independent study). Bangkok: Siam University.
Abstract
In attempts to combat lowering asset prices, mass unemployment, and various other elements that deter economic prosperity to combat the Covid-19 crisis, the Federal Reserve re-introduced unconventional monetary policy tools, specifically Quantitative easing. While providing some stimulation to the economy during a time when it was deemed necessary, the consequences of that decision are beginning to rear its negative implications for some, and for others, the pandemic acted as means for exorbitant asset appreciation. Evidence suggests that implementation of new funds in the short term is beneficial, however the longer-term repercussions can lead to further unemployment as companies combat pricing discrepancies directly correlated to inflation, supply chain bottlenecks, and eventual quantitative tightening. During this time, pricing in market sectors such as consumer staples, real estate, and energy including petroleum soared, while working class Americans are most negatively affected by inflationary pressures as well as wage stagnation following the additional creation of monetary supply. Understanding the dynamics of finance at a macro-level can help ensure one’s quality of life is not negatively interrupted. As the numbers affixed to an individual, and their own or family’s net worth may remain constant as months, or years continue, the important idea to consider is that the buying power with those earnings diminish over time, knowing how economies function, and other factors that affect pricing are implemented can benefit or sway one to make well informed decsions regarding ones capital and how it is allocated.
Keywords: Quantitative Easing, Economic, the Covid Era.
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Master of Business Administration (International Program), Siam University, Bangkok, Thailand