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Wednesday, June 26, 2013

Central Banks: Powerful or Powerless?

Antonio Fatas:

... I find it surprising that those who argued that QE had very little effect in the economy are now ready to blame the central bank for all the damage they will do to the economy when they undo those measures. So they seem to have a model of the effectiveness of central banks that is very asymmetric - I would like to see that model. ...

Much more here.

    Posted by on Wednesday, June 26, 2013 at 08:52 AM in Economics, Monetary Policy | Permalink  Comments (21)


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