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1/4
Governor Yi Gang says that the greater monetary stimulus adopted by the US and Europe will see diminishing effects and will be hard to quit. What is more, “in the long run, it will inflate debt and asset bubbles, distort economic... https://www.scmp.com/economy/china-economy/article/3104995/china-wont-follow-west-easing-monetary-policy-says-central?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3104995">https://www.scmp.com/economy/c...
Governor Yi Gang says that the greater monetary stimulus adopted by the US and Europe will see diminishing effects and will be hard to quit. What is more, “in the long run, it will inflate debt and asset bubbles, distort economic... https://www.scmp.com/economy/china-economy/article/3104995/china-wont-follow-west-easing-monetary-policy-says-central?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3104995">https://www.scmp.com/economy/c...
2/4
structures, influence income distribution and increase systematic [financial] risk.”
He is probably right, especially to the extent that the main mechanism by which monetary expansion is supposed to stimulate demand in the US, Europe, etc. is by increasing asset...
structures, influence income distribution and increase systematic [financial] risk.”
He is probably right, especially to the extent that the main mechanism by which monetary expansion is supposed to stimulate demand in the US, Europe, etc. is by increasing asset...
3/4
prices (as opposed to directly increasing incomes at the bottom of the income scale, or funding productive infrastructure investment). However it is pretty ingenuous to think that Chinese monetary policies are not inflating debt and asset bubbles, distorting economic...
prices (as opposed to directly increasing incomes at the bottom of the income scale, or funding productive infrastructure investment). However it is pretty ingenuous to think that Chinese monetary policies are not inflating debt and asset bubbles, distorting economic...
4/4
structures, worsening income distribution and increasing systematic financial risk in China.
structures, worsening income distribution and increasing systematic financial risk in China.
