Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh
A full evaluation of quantitative easing as a monetary policy tool is “yet to be written”, Klaas Knot has said.
Speaking on February 4 at the London School of Economics, the former governor of the Netherlands Bank (DNB) and chair of the Financial Stability Board (FSB) said it was not yet possible to evaluate QE’s effectiveness.
Knot, who spent 14 years on the European Central Bank’s governing council, said the effectiveness of QE depends on its objective. If it is about “bank recapitalisation
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