‘Japanification’ of monetary policy, OMFIF’s Summer Bulletin
Commentary: ‘Japanification’ of monetary policy
By Neil Williams in London
Rising populism, the exacerbation of economic inequality by quantitative easing, and calls for the reversal of globalisation point to a possible paradigm shift that could prove as forceful as the fall of communism in 1989 or even the establishment of the ‘new world order’ after 1945. Policy-makers appear ill-equipped to deal with this.
Their traditional reaction...