While the failure of fiscal policy is widely recognized, monetary policy still enjoys credibility. Yet monetary policy is like shooting in a dark room. Monetary policy suffers from a profound pretense of knowledge. When central banks are not able to fulfill their claim and promote economic growth, employment and price stability, the question comes up what their real mission is. The Federal Reserve System was founded in with the intention to safeguard the big players of the financial system. Now we are fully back at this paradigm. The main purpose of quantitative easing is not to promote prosperity in the first place but to help the banking sector to stay afloat.
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Quantitative Easing – Folly or Method?
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- Bancos Centrais Podem Imprimir Prosperidade?
Central Banks Can Print Prosperity Central banks all around the world have been printing money. This policy, known as quantitative easing in banker jargon, has driven up the price of stocks and bonds. But will it lead to real and sustainable increases...
- Estabilidade Financeira E Política Monetária
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- Qe
Quantitative Easing – Folly or Method? By Antony P Mueller10/05/2012 Share on google_plusone ...
- Política Monetária Americana
Quantitative Easing – Folly or Method? by Antony P Mueller10/05/2012 While the failure of fiscal policy is widely recognized, monetary policy still enjoys credibility. Yet monetary policy is like shooting in a dark room. Monetary...
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The Future of Central Banking: Inflation Targeting versus Financial Stability The Challenge The global financial crisis 2008-2009 led to a profound rethinking of the pre-crisis monetary policy consensus. Since the great moderation...