The Study Of Inflation Effect Of The US Quantity Easing Monetary Policy

Quantitative easing policy is a monetary policy tool used by central banks tostimulate their national economies when conventional monetary policy has becomeineffective. The central bank creates money by buying government bonds and otherfinancial assets, in order to increase the money supply and the excess reserves of thebanking system.This paper first describes the implementation of the United States of America forthe economic background of quantitative easing monetary policy and the UnitedStates of America in history for the choice of monetary policy some ideas andmethods, and analyzes the United States quantitative easing monetary policy the fedan expansion of the monetary base and the growth of M2, the money multiplier toreduce the offset of the United States of America analysis of quantitative easingmonetary policy expansion effect, which leads to the zero interest rate and liquiditytrap. Then the article mainly analyzed the influence of the United States of America,in the quantitative easing monetary policy, influence and change the globalcommodity price trend and the relationship between supply and demand, especiallythe effect of crude oil and precious metals, further analysis of quantitative easingmonetary policy of the United States of America emerging inflationary spillovereffect, at the end of the paper in China should be how to deal with the United Statesquantitative easing monetary policy, inflation effect and puts forward somesuggestions.