To combat slowing growth, the global body calls for advanced economies to «
maintain easy monetary policies.»
Part of the problem is the BOJ
maintaining its easy monetary policy, which erodes lending margins and yields from investments in government bonds.
Not exact matches
Inflation targets have been very successful at
maintaining price stability because they give everyone an
easy way to understand
monetary policy and, over time, create a virtuous circle in which realized inflation and expectations reinforce each other.
A steep curve (long rates much higher than short rates); which we have at present and are likely to
maintain; suggests better growth and
easy monetary policy.
It seems more logical to see the debt buildups decried by Rogoff as not simply exogenous events but rather the consequence of a growing excess of saving over investment and the
easy monetary policies necessary to
maintain full employment.