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recent bookmarks from asterisk2aThe Unseen Consequences of Zero-Interest-Rate Policy2015-08-09T02:10:47+00:00
https://mises.org/library/unseen-consequences-zero-interest-rate-policy
asterisk2a> and false impression that austerity works great! // and as Richard Koo in one of his recent presentations (for his new book) said - Fed does not know how Taper will unfold, especially the problematic thing of long-dated bonds on their books and how to get them into the market.]]>ZIRP NIRP QE Taper Richard Koo economic history academia academics fiscal policy monetary recovery GFC hunt for yield asset allocation bubble 2015 distortion productive investment financial repression literacy damage Group behaviour behavioral economics savings rate balance sheet recession deleveraging glut structural deficit imbalance Impediments faultlines austerity Makers Career Politicians No Representation folly error unintended consequences unknown unkown UK USA Europe ECB Fed Abenomics lost decade generation BOE liquidity traphttps://pinboard.in/u:asterisk2a/b:e7b6a317aad6/