Wednesday, 18 October 2017

Author Archives Andreas Hoffmann

Unintended Monetary Policy Effects – Tale II: ECB Crisis Policies

July 16, 2017
in Blog

The Federal Reserve’s (Fed) and European Central Bank’s (ECB) policy responses to the recent financial disasters offer two tales of unintended consequences. Our previous post outlined the undesired effects of the Fed’s policies. In this post, we suggest that the ECB’s stabilization policies did not only fail to achieve its goals. Monetary policy has also […]

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Two Tales of Unintended Consequences of Monetary Policy – Tale 1

May 17, 2017
in Blog

Even when a policy is successful in achieving its desired ends, we have to consider its unintended and unforeseen consequences, resulting from cumulative market adjustments to policy changes that make it hard to judge the overall outcome of a policy in our complex economy. The Federal Reserve and European Central Bank’s monetary policy responses to […]

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