As I've pointed out in the past, Japan did a massive quantitative easing without IOER, and the results were basically the same — nothing much — as QE here.
"The B.O.J. has clearly embarked on a massive quantitative easing," said Marshall Gittler, Japan currency strategist for Deutsche Bank here.
To this end, we performed a massive quantitative proteomic analysis of irradiated human breast cancer cells (MDA-MB-231) based on stable isotope labeling by amino acids in cell culture (SILAC), which has emerged as one of the most powerful tools for accurate and robust quantitative proteomics, and liquid chromatography mass spectrometry (LC-MS) [ 11– 13].
"From my perspective, the cost-benefit analysis would suggest that it wouldn't be a good idea to do a big, massive quantitative easing because the gains are quite small in terms of the impact on interest rates," he said.
Long before that happens, the Federal Reserve will have engaged in massive quantitative easing.
His aim is to unravel the quantitative relations between regulatory elements and gene expression in a massive, parallel way to generate a quantitative model of the regulatory wiring of cells.
Using this theory as a framework, the authors marshal massive quantitative and qualitative data to examine how the reform actually unfolded at the school level.
When the Fed started to phase out, or "taper" its massive quantitative easing scheme in spring 2013, world markets were rocked by what became known as the "taper tantrum", with several emerging market currencies plunging, and interest rates on some bonds shooting upwards.
The International Monetary Fund warned recently that the planned "tapering" of the US Federal Reserve's massive quantitative easing programme could present a serious threat to the eurozone, if it drives up bond yields worldwide, making it more costly for governments in debt-burdened Europe to borrow.
In fact Japan still can't pull itself out of deflation, despite massive quantitative easing.
