The document discusses the challenges and limitations of monetary policy, particularly in the context of unconventional measures like helicopter money and negative deposit rates. It highlights the shift in investor focus from gains to wealth preservation and provides a historical comparison of portfolio allocations and returns between 2004 and 2015.
doj/DataSet10/EFTA01388577.pdf
{"title":"The limits of monetary policy","document_date":"March 2016","document_type":"tabular","document_subtype":"financial analysis","reference_numbers":["DB-SDNY-0092212","SDNY_GM_00238396","EFTA01388577"]}