Criticism of Long Low Interest Rate Policy of Central Banks

9 Pages Posted: 9 Dec 2015 Last revised: 10 Jun 2016

Date Written: December 7, 2015

Abstract

On December 3, 2015, Mario Draghi, President European Central Bank (ECB), claims: “we are doing more because it works, not because it fails.” Really true or not?

To help assess and further promote the very basics of money calculus, as well as an impetus to improve the actions taken by governments and Central Banks – the latter is so clearly necessary – are the two reasons for writing and publishing this short paper.

Keywords: Low interest rate policy, Central Banks, FED, ECB, Nest-egg for the future

JEL Classification: A10

Suggested Citation

Jacobs, Jan F., Criticism of Long Low Interest Rate Policy of Central Banks (December 7, 2015). Available at SSRN: https://ssrn.com/abstract=2700070 or http://dx.doi.org/10.2139/ssrn.2700070

Jan F. Jacobs (Contact Author)

Independent ( email )

Beethovenlaan 36
Enschede, Overijssel 7522 HJ
Netherlands

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