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A qualitative assessment of quantitative easing sentiment

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Economic Inquiry

Published online on

Abstract

["Economic Inquiry, EarlyView. ", "\nAbstract\nThis mixed‐method study undertakes a comprehensive inquiry of the public discourse on social media surrounding quantitative easing (QE) across the US, the UK, and the European Union. Utilizing a unique tweet dataset, we reveal the sentiment polarity toward QE policy to be strongly negative, at 71.27%, with positive sentiment a mere 4.25%. Distilling the negative QE sentiment, we identify prominent themes of “anti‐government,” “anti‐central bank,” “inequality,” “ineffectiveness,” “inflation,” and “asset inflation,” and demonstrate a longitudinal association between perceived inequality and asset price inflation with an anti‐establishment stance. We conclude with suggested central bank policy recommendations to restore and foster public trust.\n"]