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Is it time to rethink monetary policy?

30th June 2016

Author: George Cooper

 

There is plenty of discussion about which new monetary tool we should deploy, but very little reflection on why a new monetary tool is needed. Put bluntly, we should be asking ourselves: Do our central banks understand what they are doing? Have our monetary policies helped stave off what would have been an even worse slump? Or have our monetary policies prolonged and intensified the slump?

 Read full article in International Banker

 

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