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.
In this summary, you will learn
- Why central banks in several economies have pursued quantitative easing,
- Why the economic performances of those areas have diverged and
- Why central banks should let economies recover gradually.
About the Author
Daniel Gros is the director of the Centre for European Policy Studies.