Date: 2024-09-27 Page is: DBtxt003.php txt00021489 | |||||||||
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ECONOMICS
CENTRAL BANK ACTIVITIES Surviving in the Intellectually Bankrupt Monetary Policy Environment ... Mr. Koo at the ACATIS Konferenz 2016 Original article: https://www.youtube.com/watch?v=8YTyJzmiHGk Burgess COMMENTARY TO DO ... PULL OUT THE PRESENTATION GRAPHICS Peter Burgess | |||||||||
| Surviving in the Intellectually Bankrupt Monetary Policy Environment Mr. Koo at the ACATIS Konferenz 2016 56,410 views Jun 23, 2016 ACATIS Investment 1.52K subscribers Surviving in the Intellectually Bankrupt Monetary Policy Environment, Richard C. Koo, Chief Economist, Nomura Research Institute, auf der ACATIS Value Konferenz 2016 in Frankfurt am Main (20.05.2016). Video/ Vortrag auf Englisch. Our economics is based on the assumption of profit maximization. However, what happens, when this assumption is no longer valid, when companies pay down debt at zero interest rates? This is when the economy has entered a balance sheet recession. In such a situation, monetary policy becomes a largely useless weapon. After years of monetary policy with limited effectiveness, Richard C. Koo is asking: How can we escape from the QE-Trap? | |||||||||