But in the end, we are living in a world in which the ability of monetary policy alone to
boost growth sustainably is very likely to be a good deal more limited than we might wish.
If you are convinced that lowering the interest rate, pumping money into the economy and ramping - up government spending is beneficial, then from your perspective a failure of such measures to
sustainably boost the rate of economic
growth can only mean that the measures weren't aggressive enough.