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Central Banks Can’t Fight This

May 11th, 2016 · No Comments

  • The world economy is plagued by excess savings and stretched balance sheets.
  • Unfortunately, the only policy instrument that is being used is monetary policy.
  • It’s exactly the policy that was always going to be least effective under these circumstances, and more drawbacks are appearing.
  • It’s difficult to envision what other policy instruments can help to get us out of this decisively.

Central Banks Can’t Fight This | Seeking Alpha

Tags: Monetary policy