Quantitative Easing, Explained
FT.com | Not "printing money," silly
So far, it has been to no avail. Confidence disappeared from banks, companies and households in the autumn of 2008 and unemployment is rising fast in 2009. Without an obvious source of fresh demand, central banks are moving to open the way to more unorthodox approaches to address the crisis.
One of those is quantitative easing. Our interactive feature explains how quantitative easing works and how this policy may stimulate the economy.