Barry Eichengreen: Unconventional Thinking about Unconven...

Barry Eichengreen: Unconventional Thinking about Unconventional Monetary Policies by Barry Eichengreen: "Defenders of central-bank independence argue that quantitative easing should have been avoided last time and is best avoided in the future, because it opens the door to political interference with the conduct of monetary policy. But political interference is even likelier if central banks shun QE in the next recession...

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