The case for ‘deficit monetisation’ and greater cooperation between central banks and ministries of finance

Richard Wood 18 August 2012

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The Financial Times editorial (12 April 2012, under the heading ‘Waiting for Growth’) pointed to the widespread disappointment with policies of ‘quantitative easing’ (QE). These policies have now been applied in the US, Japan, the UK, and in the Eurozone without substantial evidentiary success on an ongoing basis. G, manufacturing output, and exports are all weakening.

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Topics:  Monetary policy

Tags:  Central Banks, quantitative easing, monetisation of budget deficits

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