asterisk2a + information + inflation + imbalance + investment   1

Raghuram Rajan - One-on-One: an investigative interview - 44th St. Gallen Symposium - YouTube
Relying too much on the wrong instrument, monetary policy, unconventional QE2 & 3 >> little domestic positive impact but spilled over much across the world! // consequences now seen (1) taper tantrum late 2014 & then summer 2015; china slow-down/equity crash & taper anticipation moves followed up by pulling money out of emerging/developing markets! financial market are divergent from domestic business market. cycles shifted apart slightly. investor, business, financial market & consumer confidence are not linked as tightly before! // financial markets are now global, business markets itself not as much! money can be pulled out digitally in an instance. // no net-positive 4 whole world. selfishness. long-run danger. unintended consequences, unknown unknowns. // global sub-optimal monetary policy // global system (monetary system) broke // uncertainty, unknown of taper. timing debate. game of chicken. volatility bc of lots of froth, distortion! // &! youtu.be/SZe3issLIb8
Raghuram  Rajan  BIS  centralbanks  hot-money  currency-war  currency  debasement  currency  war  GFC  recovery  monetary  policy  QE  ZIRP  NIRP  excess  reserves  speculative  bubbles  reflate  reflation  economic  history  faultlines  credit  bubble  BRIC  2015  emerging  market  Developing  World  western  secular  stagnation  BOJ  Abenomics  PBOC  globalization  globalisation  financial  market  zombie  banks  savings  glut  business  confidence  business  investment  USA  UK  Europe  China  asset  bubble  asset  allocation  FOMO  hunt  for  yield  speculative  speculation  Super  Rich  1%  property  bubble  unconventional  monetary  policy  Fed  BOE  ECB  inflation  expectation  inflation  targeting  Fed  mandate  deflationary  deflation  fiscal  policy  irrational  exuberance  panic  hubris  unknown  unkown  unintended  consequences  Taper  book  structural  imbalance  Impediments  reserve  currency  fiat  currency  current  account  deficit  trade  deficit  structural  deficit  fiscal  deficit  fiscal  stimulus  Germany  austerity  dogma  ideology  credibility  Career  Politicians  Pact  Schuldenbremse  monetary  transmission  mechanism  monetary  stimulus  monetary  theory  monetary  system  complexity  incomplete  information  shadow  banking  uncertainty  volatility  distortion  financial  repression  governance 
september 2015 by asterisk2a

related tags

1%  Abenomics  account  allocation  asset  austerity  banking  banks  BIS  BOE  BOJ  book  BRIC  bubble  bubbles  business  Career  centralbanks  China  complexity  confidence  consequences  credibility  credit  currency  currency-war  current  debasement  deficit  deflation  deflationary  Developing  distortion  dogma  ECB  economic  emerging  Europe  excess  expectation  exuberance  faultlines  Fed  fiat  financial  fiscal  FOMO  for  Germany  GFC  globalisation  globalization  glut  governance  history  hot-money  hubris  hunt  ideology  imbalance  Impediments  incomplete  inflation  information  investment  irrational  mandate  market  mechanism  monetary  NIRP  Pact  panic  PBOC  policy  Politicians  property  QE  Raghuram  Rajan  recovery  reflate  reflation  repression  reserve  reserves  Rich  savings  Schuldenbremse  secular  shadow  speculation  speculative  stagnation  stimulus  structural  Super  system  Taper  targeting  theory  trade  transmission  UK  uncertainty  unconventional  unintended  unknown  unkown  USA  volatility  war  western  World  yield  ZIRP  zombie 

Copy this bookmark:



description:


tags: