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Investors Chronicle:
The QE problem

21 November 2014

QE so that it has the desirable effects of stimulating economic activity and averting horrible debt dynamics, while not creating a moral hazard problem? Yes, say Luis Garicano at the LSE and Lucrezia Reichlin at the London Business School. They propose the creation of a synthetic bond, comprised of risk-free portions of governments' debt, weighted by GDP.

This article was published by the Investors Chronicle on November 21, 2014
Link to article here

Related links
Luis Garicano webpage
Productivity and Innovation Programme webpage

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