Sunday, June 23, 2013

Frances Coppola — QE myths and the Expectations Fairy

There are perhaps more myths about QE than almost any other monetary policy instrument. Here are five of the most pernicious QE myths:...
The Expectations Fairy is no more real than the Confidence Fairy, the Inflation Monster or the Bond Vigilantes. It is time for all of them to be consigned to the realm of mythology, and for monetary and fiscal policy to be grounded firmly in reality and redirected towards achieving the best quality of life for ordinary people. 
Coppola Comment
QE myths and the Expectations Fairy
Frances Coppola

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