Stimulus
2014 55cm x 45cm x 5cm
sculpture: wire, paper-mache, and collaged archival photo
'Quantitative easing (QE) is an unconventional monetary policy used by a central bank to stimulate an economy when standard monetary policy
has become ineffective. A central bank implements quantitative easing by buying specified amounts of financial assets from commercial banks and other private institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the monetary base.' Wikipedia.
This system was used to alleviate the global financial crisis of 2007–08 by central banks such as European Central Bank,
Bank Of England and the United States Federal Reserve.