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
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: Suggested Citation