Quantitative easing and ultralow interest rates have been the weapons of choice for central bankers looking to spur recovery and growth. Yet the approach hasn’t been an unqualified success, according to Daniel Gros, director of the Centre for European Policy Studies. He offers a fresh perspective on why some countries have managed to recover while others remain in idle mode. getAbstract suggests this succinct report on a fairly complex subject to those who want a short introduction to the implications of monetary easing and negative interest rates.
About the Author
Daniel Gros is the director of the Centre for European Policy Studies.