Reports on government spending See all

Christine Lagarde, the incumbent managing director and chair of the International Monetary Fund (IMF), former French economy minister, soon to head the ECB

GIS Dossier: Monetary policy stood on its head

Unconventional monetary policies saved many financial institutions in the U.S. and Europe after the financial crisis. However, near-zero to negative interest rates and central banks’ massive debt-purchasing programs, which pumped trillions of dollars and euros into economies, failed to restore growth and have had potent, negative and lasting side-effects. Relaxing the corset of regulations while restoring the market players’ responsibility would have worked better.  

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