Martin Wolf: What might central banks do if the next recession hit while interest rates were still far below pre-2008 levels?
Central banks need to be prepared for this eventuality.
The most important part of such preparation is to convince the public that they know what to do.
Personally, I would prefer “helicopter money”
Martin Wolf, FT 4 February 2016
The most important part of such preparation is to convince the public that they know what to do.
Personally, I would prefer “helicopter money”
Martin Wolf, FT 4 February 2016
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