"Rocky Road Ahead" For Financial Markets & Central Banks | Richard Koo, Nomura
Thoughtful Money with Adam Taggart
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Navigating Post-QE Challenges
This chapter examines the consequences of quantitative easing on financial markets and economies in the U.S. and Japan after the 2008 crisis. It highlights the inefficacy of traditional monetary policies in achieving inflation targets and the shift towards debt reduction that has created a deflationary gap. Ultimately, the chapter underscores the complexities central banks face today, including the disconnect between interest rates and economic activity amid abundant liquidity.
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