Question: What is quantitative easing? Is quantitative easing a better policy than conventional i.e. interest rate-targeting policy to lower the short-term interest rate to its zero

What is quantitative easing? Is quantitative easing a better policy than conventional i.e. interest rate-targeting policy to lower the short-term interest rate to its zero bound? Briefly explain.

B) Why does expansionary monetary policy become ineffective under low-inflationary conditions?

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