×
Demonstrators outside the Bank of England in London protesting against quantitative easing

QE has failed. What comes next?

  • Printing money and maintaining near-zero to negative low interest rates have failed to spur growth in Europe
  • Central bankers are still hesitant to return to more sound monetary policy
  • They have been trying to simultaneously avert a banking crisis and government defaults
  • Preventing both will become increasingly difficult; eventually, they will have to choose

Expansionary monetary policy has been in place for eurozone economies for almost five years, and the results have been disappointing. Authorities in Brussels and Frankfurt had hoped that a few months of low interest rates, unlimited support for commercial banks and implicit guarantees to worried government-debt holders would be enough to restore confidence, shore up aggregate demand and jump-start growth. That has not happened.

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card
Professor Enrico Colombatto
Central bankers have realized that pre-Keynesian economics contained much wisdom
read more about it in the report
What's inside
  • Printing money and maintaining near-zero to negative low interest rates have failed to spur growth in Europe
  • Central bankers are still hesitant to return to more sound monetary policy
  • They have been trying to simultaneously avert a banking crisis and government defaults
  • Preventing both will become increasingly difficult; eventually, they will have to choose
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and Conditions. Feel free to check out our policies anytime for more information.
I agree