Kjell Hausken has been Professor of Economics and Societal Safety at the University of Stavanger, Norway since 1999. His research fields are strategic interaction, risk analysis, public choice, conflict, game theory, terrorism, information security, economic risk management. He holds a PhD from the University of Chicago (1990-1994), was a Postdoc at the Max Planck Institute (Cologne) 1995-1998, and a Visiting Scholar at Yale University 1989-1990. He has published 180 articles, is on the Editorial Board for Reliability Engineering & System safety, Theory and Decision, and Defence and Peace Economics, has refereed for 60 journals, and advises and has advised six PhD students.

Professor Mthuli Ncube is Chief Economist at the African Development Bank (AfDB), and holds a PhD in Mathematical Finance from Cambridge University, UK. He is responsible for economic research, strategic economic direction and thinking within the AfDB, based on the pillars of thought-leadership, knowledge generation, knowledge dissemination and knowledge transfer. Previously, he held the post of Dean of the Faculty of Commerce, Law and Management at the University of Witwatersrand, Johannesburg, South Africa, Director/Head of School and Professor of Finance at Wits Business School, and Lecturer in Finance at the London School of Economics. He has published widely in the area of finance and economics.

Analyses the impact of quantitative easing on interest rates and the economy of the US, Japan, UK and Europe

Demonstrates that the Federal Reserve and Bank of England, focusing primarily on bond purchases, have been more effective in lowering interest rates than the Bank of Japan and the European Central Bank

Uses large Bayesian vector autoregression (BVAR) models to analyze the impact of quantitative easing on the wider economy

Includes supplementary material: [...]