Financial Times (May 2)
2016/ 05/ 05 by jd in Global News
More needs to be done on fiscal and monetary co-operation. “The past few weeks have highlighted the limits of monetary policy expansion. The current framework combining quantitative easing and negative interest rates is offering rapidly diminishing returns because it is not producing the large, permanent increase in the money in circulation that would be required to turn inflation expectations around and lift the world economy out of deflationary deadlock.”
Tags: Cooperation, Deflationary deadlock, Diminishing returns, Economy, Expansion, Expectations, Fiscal, Inflation, Limits, Monetary, Negative interest rates, Quantitative easing
