Ben Bernanke called this approach ``credit easing'', possibly to distinguish it from the widely used expression Quantitative easing, which however originally also referred to the expansion of ``credit creation'' (reference: Richard Werner, Keizai Kyoshitsu: Keiki kaifuku, Ryoteiki kinyu kanwa kara, Nikkei, Nihon Keizai Shinbun, 2 September 1995) . In a March 2009 interview, he stated that the expansion of the Fed balance sheet was necessary ``...because our economy is very weak and inflation is very low.
Ben Bernanke called this approach ``credit easing'', possibly to distinguish it from the widely used expression Quantitative easing, which however originally also referred to the expansion of ``credit creation'' (reference: Richard Werner, Keizai Kyoshitsu: Keiki kaifuku, Ryoteiki kinyu kanwa kara, Nikkei, Nihon Keizai Shinbun, 2 September 1995) .
nsubj
Number=Sing
Ben
Ben
PROPN
NNP
flat
Number=Sing
Bernanke
Bernanke
PROPN
NNP
root
Mood=Ind|Number=Sing|Person=3|Tense=Past|VerbForm=Fin
call
called
VERB
VBD
det
Number=Sing|PronType=Dem
this
this
DET
DT
obj
Number=Sing
approach
approach
NOUN
NN
punct
``
``
PUNCT
``
compound
Number=Sing
credit
credit
NOUN
NN
xcomp
Number=Sing
easing''
easing''
NOUN
NN
punct
,
,
PUNCT
,
advmod
possibly
possibly
ADV
RB
mark
to
to
PART
TO
advcl
VerbForm=Inf
distinguish
distinguish
VERB
VB
obj
Case=Acc|Gender=Neut|Number=Sing|Person=3|PronType=Prs
it
it
PRON
PRP
case
from
from
ADP
IN
det
Definite=Def|PronType=Art
the
the
DET
DT
advmod
Degree=Pos
widely
widely
ADV
RB
amod
Tense=Past|VerbForm=Part
use
used
VERB
VBN
compound
Number=Sing
expression
expression
NOUN
NN
amod
Degree=Pos
quantitative
Quantitative
ADJ
JJ
obl
Number=Sing
ease
easing
NOUN
NN
punct
,
,
PUNCT
,
nsubj
PronType=Rel
which
which
PRON
WDT
advmod
however
however
ADV
RB
advmod
originally
originally
ADV
RB
advmod
also
also
ADV
RB
acl:relcl
Mood=Ind|Number=Sing|Person=3|Tense=Past|VerbForm=Fin
refer
referred
VERB
VBD
case
to
to
ADP
IN
det
Definite=Def|PronType=Art
the
the
DET
DT
obl
Number=Sing
expansion
expansion
NOUN
NN
case
of
of
ADP
IN
punct
``
``
PUNCT
``
compound
Number=Sing
credit
credit
NOUN
NN
nmod
Number=Sing
creation
creation
NOUN
NN
punct
'
'
PUNCT
''
punct
(
(
PUNCT
-LRB-
dep
Number=Sing
reference
reference
NOUN
NN
punct
:
:
PUNCT
:
dep
Number=Sing
Richard
Richard
PROPN
NNP
flat
Number=Sing
Werner
Werner
PROPN
NNP
punct
,
,
PUNCT
,
conj
Number=Sing
Keizai
Keizai
PROPN
NNP
flat
Number=Sing
Kyoshitsu
Kyoshitsu
PROPN
NNP
punct
:
:
PUNCT
:
conj
Number=Sing
Keiki
Keiki
PROPN
NNP
flat
Number=Sing
Laifuku
kaifuku
PROPN
NNP
punct
,
,
PUNCT
,
conj
Number=Sing
Ryoteiki
Ryoteiki
PROPN
NNP
flat
Number=Sing
kinyu
kinyu
PROPN
NNP
flat
Number=Sing
kanwa
kanwa
PROPN
NNP
flat
Number=Sing
kara
kara
PROPN
NNP
punct
,
,
PUNCT
,
conj
Number=Sing
Nikkei
Nikkei
PROPN
NNP
punct
,
,
PUNCT
,
conj
Number=Sing
Nihon
Nihon
PROPN
NNP
flat
Number=Sing
Keizai
Keizai
PROPN
NNP
flat
Number=Sing
Shinbun
Shinbun
PROPN
NNP
punct
,
,
PUNCT
,
nmod:tmod
NumForm=Digit|NumType=Card
2
2
NUM
CD
nmod:tmod
Number=Sing
September
September
PROPN
NNP
nmod:tmod
NumForm=Digit|NumType=Card
1995
1995
NUM
CD
punct
)
)
PUNCT
-RRB-
punct
.
.
PUNCT
.
In a March 2009 interview, he stated that the expansion of the Fed balance sheet was necessary ``...because our economy is very weak and inflation is very low.
case
in
In
ADP
IN
det
Definite=Ind|PronType=Art
a
a
DET
DT
compound
Number=Sing
March
March
PROPN
NNP
nummod
NumForm=Digit|NumType=Card
2009
2009
NUM
CD
obl
Number=Sing
interview
interview
NOUN
NN
punct
,
,
PUNCT
,
nsubj
Case=Nom|Gender=Masc|Number=Sing|Person=3|PronType=Prs
he
he
PRON
PRP
root
Mood=Ind|Number=Sing|Person=3|Tense=Past|VerbForm=Fin
state
stated
VERB
VBD
mark
that
that
SCONJ
IN
det
Definite=Def|PronType=Art
the
the
DET
DT
nsubj
Number=Sing
expansion
expansion
NOUN
NN
case
of
of
ADP
IN
det
Definite=Def|PronType=Art
the
the
DET
DT
compound
Number=Sing
fed
Fed
NOUN
NN
compound
Number=Sing
balance
balance
NOUN
NN
nmod
Number=Sing
sheet
sheet
NOUN
NN
cop
Mood=Ind|Number=Sing|Person=3|Tense=Past|VerbForm=Fin
be
was
AUX
VBD
ccomp
Degree=Pos
necessary
necessary
ADJ
JJ
punct
``...
``...
PUNCT
,
mark
because
because
SCONJ
IN
nmod:poss
Case=Gen|Number=Plur|Person=1|Poss=Yes|PronType=Prs
our
our
PRON
PRP$
nsubj
Number=Sing
economy
economy
NOUN
NN
cop
Mood=Ind|Number=Sing|Person=3|Tense=Pres|VerbForm=Fin
be
is
AUX
VBZ
advmod
very
very
ADV
RB
advcl
Degree=Pos
weak
weak
ADJ
JJ
cc
and
and
CCONJ
CC
nsubj
Number=Sing
inflation
inflation
NOUN
NN
cop
Mood=Ind|Number=Sing|Person=3|Tense=Pres|VerbForm=Fin
be
is
AUX
VBZ
advmod
very
very
ADV
RB
conj
Degree=Pos
low
low
ADJ
JJ
punct
.
.
PUNCT
.