What else can central banks do?

Helicopter money is the least controversial suggestion from the Geneva Report. Image: Shutterstock

The latest Geneva Report on the World Economy What Else Can Central Banks Do? was released recently. At the risk of simplification, it suggests that despite interest rates now being negative in some countries and extensive quantitative easing (QE) and forward guidance being deployed, the answer is "there is much that policy-makers can and should do". These measures take the form of even more negati