Glossary

What was that word again?
quantitative easing (QE)

Central bank purchases of financial assets aimed at reducing interest rates on those assets when conventional monetary policy is ineffective because the policy interest rate is at the zero lower bound.

See also: zero lower bound.

quantity-based environmental policy

Policies that implement environmental objectives by using bans, caps, and regulations.

quota

A limit imposed by the government on the volume of imports allowed to enter the economy during a specific period of time.