A Visual of the Large Scale Asset Purchases (LSAP) of Several Central Banks

Although the Fed ended its large scale asset purchase (LSAP) program, the European Central Bank (ECB) and Bank of Japan (BoJ) have picked up where the Fed left off, continuing the use of risky and unrewarding monetary policy stimulus programs.*

Visual of Central Bank Stimulus Programs


* See the Third Wave Finance post entitled Economic Constraints and Policy Options for an deeper explanation as to why these stimulus programs are risky and unrewarding.