The article discusses the limitations of monetary policy, particularly in the context of the Federal Reserve's actions during the financial crisis. It highlights the challenges of quantitative easing (QE) and the assumptions required for it to be effective. The article also notes the subdued lending in the Eurozone despite monetary easing efforts.
doj/DataSet10/EFTA01388572.pdf
{"title":"The limits of monetary policy","key_people":["Ben Bernanke"],"document_date":"March 2016","document_type":"other","key_locations":["United States","Eurozone","Southern Europe","Jackson Hole, Wyoming"],"document_subtype":"article","key_organizations":["Federal Reserve","Federal Reserve Bank of Kansas City","Bloomberg Finance LP","Deutsche Asset Management Investment GrabH"],"reference_numbers":["DB-SDNY-0092204","SDNY_GM_00238388","EFTA01388572"]}