Recherchers economiques manageriales
Volume 14, Numéro 3, Pages 387-402
This study examines the long-run impact of quantitative easing on financial stability in USA during the period from the third quarter of 2008 and the final quarter of 2018. The unit root tests showed that some variables are stationary at level whereas others are stationary at first difference. Then, the ARDL bounds testing approach was applied. The results indicate that QE has a weak significant positive long-run effect on FS in the United States. Based on these results, the study recommends that the QE policy should not be overstated.
Quantitative Easing ; Financial Stability ; ARDL