Time for a monetary policy rethink

I worry increasingly that history will not treat the recent record of central banking kindly. Inflation may well have been conquered - a conclusion financial markets are actively debating again - but that was yesterday's battle. Over the past six years, under the guise of an implicit inflation-targetting regime, monetary authorities have turned the liquidity spigot wide open. This has given rise to an endless string of asset bubbles - from equities to bonds to property to risky assets (emerging

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: