Quantitative Easing: How Well Does This Tool Work?

Question

I'm attaching the summaries to chapter 27 and 28. Also the article she had attached a link for.

Instructions
Please read
- the Ch.27 and Ch.28 material, and
- the excerpt from the Regional Economist research source “Quantitative Easing: How Well Does This Tool Work?” – pertaining to the Monetary Policy concept – attached below:

/content/enforced/287775-OFR_ECO2013_156_0595/Quantitative_Easing_How_Well_Does_This_Tool_Work.pdf

Then, compose a short essay by answering the following questions in a meaningful manner:

Q1: (a) What is money? and (b) How does the Federal Reserve System (the Fed) create money in the economy?

Q2: (a) What is quantitative easing (QE)? and (b) Is QE – in your opinion – an effective monetary policy tool (used by the Federal Reserve System) to help ensure that inflation does not fall below the central bank’s inflation target? In other words, can the injection of money into the economy in order to expand the economic activity help bring the economy out of recession?

Include examples from the readings to support your paper of 600 words minimum and to receive full credit for the assignment.

Please follow the guidelines below for submitting your paper:

1. Write the short essay in MLA format.

2. Name your document file by adhering to this specific structure:
i.e., John Smith will name his Discussion Topic 1 document as: smithj_DT1.doc
or smithj_DT1.docx

3. Use the accompanying instructions for submitting a document to Dropbox: