Good analysis from Vlieghe, but am not convinced how much they understand the extent to which central banks have actually become part of the problem. And the problem is defined as excessive financial resources deployed with limiting GDP impact and distributional consequences of wealth and income distribution. Am sure BoE will think of QT, but don’t it is another matter.
Good analysis from Vlieghe, but am not convinced how much they understand the extent to which central banks have actually become part of the problem. And the problem is defined as excessive financial resources deployed with limiting GDP impact and distributional consequences of wealth and income distribution. Am sure BoE will think of QT, but don’t it is another matter.