I thought the podcast below was a good one. Basically, central banks are making it up as they go along. It’s not a science. Also see William White on Ultra Easy Monetary Policy and the Law of Unintended Consequences.
I thought the podcast below was a good one. Basically, central banks are making it up as they go along. It’s not a science. Also see William White on Ultra Easy Monetary Policy and the Law of Unintended Consequences.