Risky Economic Doctrine is Becoming Hot Idea

The type of stimulus that used to be taboo—one in which central banks take a more junior role and collaborate with governments—is gaining appeal. This according to an article in Bloomberg. While such a shift could pose a risk to the “independence from politics that monetary policy makers prize,” the article says, the threat of deflation is leading to an emerging consensus that “the next downturn may need to be fought with direct and permanent… Read More