The best replacement for quantitative easing is open market operations.

The best alternatives to quantitative easing are rated as following:
★★★★★  open market operations
★★★★  printing money
★★★★  credit easing
★★  operation twist
★  quantitative easing
★  monetizing debt
  money printing
  fiscal stimulus
  tapering
  qualitative easing

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quantitative easing
open market operations
printing money