SAUL ESLAKE

Economist

SAUL ESLAKE

‘Welcome to my website …
I’m an independent economist, speaker, company director
and Vice-Chancellor’s Fellow at the University of Tasmania’

Video & Presentation Slides: What is ‘QE’, and how does it work?


Economic Policies, Economics and Economists, QE & MMT, The Global Economy | 29th July 2021

Some commentators seem to think that ‘QE’ is simply a variant of, or a step along the road to, something called ‘Modern Monetary Theory’ or ‘MMT’.  It isn’t: and so in the second part of this series Saul explains what MMT is (and isn’t).

‘Quantitative easing’ or ‘QE’ refers to the purchase by central banks (such as Australia’s Reserve Bank) of financial assets (usually, but not always, government bonds) as a supplement (or an alternative) to more ‘orthodox’ monetary policy instruments such as cutting interest rates. ‘QE’ is often characterized in the media as ‘printing money’. Originating in Japan some 20 years ago, and then being picked up by other major central banks such as the US Federal Reserve, and the European Central Bank during the global financial crisis of 2098-09, a growing number of central banks (including Australia’s and New Zealand’s) have launched their own ‘QE’ programs in response to the economic downturns induced by Covid-19 – in part because official interest rates have fallen so low that they can’t, in practice, be cut any more.

In this webinar Saul will explain exactly what ‘QE’ is, how its done, why central banks are doing it, what its intended and unintended effects are, and how long central banks might keep doing it for.

SPEAKING ENGAGEMENT

Speaking Engagement | Boardroom Advisory | Commissioned Report | Expert Witness



Saul Eslake online presentation


“You are the best economic thinker in the country hands down”

Sheryle Bagwell, recently retired Senior Business Correspondent (and sometime Executive Producer),
ABC Radio National Breakfast


“Just want to congratulate you Saul on the unbelievably good set of slides you just presented, possibly the best I have ever seen. You have set the bar very high.”

Dr Joe Flood, Adjunct Fellow, RMIT University, Pandemicia


“Thank you very much for your excellent presentation for the Economic Society today. It is always a great pleasure to hear your eloquent, up-to-date and comprehensive talks.”

Andrew Trembath, economist, Victorian and Australian Government agencies


Request Speaking Engagement

WHAT'S NEW

Most Recent Articles, Talks and Presentations


‘A distinctive part of life in Australia’ The Declining Dream of Homeownership
Australian Society and Politics, Economic Policies, Housing
17th April 2024


Could China have a currency crisis at some point in the next 2-5 years?
Asian Economies, The Global Economy, Topics
16th April 2024


“The Great Housing Disaster – Who’s to Blame?”
Australian Society and Politics, Economic Policies, Housing, Recent Media Interview, Topics
15th April 2024


The Economic Consequences of Surges in Immigration
Australian Society and Politics, The Australian Economy, The Global Economy, Topics
10th April 2024


Is China heading for some kind of currency or financial crisis?
Asian Economies, The Global Economy
4th April 2024


The next four years will be difficult for Tasmania
News, Tasmania
27th March 2024


Some initial reflections on the outcome of the 2024 Tasmanian State election
Australian Society and Politics, Tasmania
24th March 2024


Tasmania’s fiscal position
Australian Society and Politics, Economic Policies, Recent Media Interview, Tasmania
24th March 2024


Productivity, Tax Reform and ‘Peak China’
Asian Economies, Economic Policies, Productivity, Taxation, The Australian Economy
13th March 2024


Tasmania – lost opportunities
Tasmania
12th March 2024


The Tasmanian Economy
Tasmania
29th February 2024


The worst public policy decision of the 21st Century
Economic Policies, Recent Media Interview
20th February 2024


Is ‘price gouging’ a major contributor to inflation?
Recent Media Interview
19th February 2024


The massive $50bn GST revenue distribution blow out (with Andy Park)
Economic Policies, Recent Media Interview
14th February 2024


The massive $50bn GST revenue distribution blow out (with Gary Adshead)
Economic Policies, Recent Media Interview
14th February 2024


VIDEO

Recent Presentations


See more


TESTIMONIALS

What Others Say


“You are one of the best at what you do in the world”
Gail Fosler, Chief Economist, The Conference Board, New York, December 2002

“I have never known an economist to have such a knowledge of world economic facts and to be able to bring to bear so much information in answering a question without notice”
Charles Goode, Chairman, ANZ Bank, July 2009

“Saul Eslake is … a highly regarded independent economist with the highest degree of integrity"
John Durie, Columnist, The Australian, July 2009

“… one of the few people in this world who can have so many oranges up in the air at the same time but still manage to catch them"
Andrew Clark, journalist, Australian Financial Review, November 2008

Read more

LINKS

Useful Links