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Global effects of unorthodox monetary policies

Author

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  • Desmond Lachman

    (American Enterprise Institute)

Abstract

In the aftermath of the Great Recession, major central banks have scrambled to support economic recovery and to avoid deflation through highly accommodative and unorthodox monetary policy stances. Although relatively successful in the short term, these policies have given rise to incipient asset- and credit-market bubbles and to spillover effects on the emerging-market economies, which could threaten the longer-run world economic outlook. Going forward, these central banks need to be very much more mindful than they have been to date of the longer-term unintended consequences of their policy actions.

Suggested Citation

  • Desmond Lachman, 2013. "Global effects of unorthodox monetary policies," AEI Economic Perspectives, American Enterprise Institute, November.
    • Handle: RePEc:aei:journl:y:2013:id:2944
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    Cited by:

    1. Joseph T. Salerno, 2015. "A Modest Proposal for Reining in the "Unorthodox" Fed," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 30(Winter 20), pages 43-57.

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