Monetary policy accommodation has consequences, a Barclays report points out, as fiscal stimulus and contritely named helicopter money may point to the next reluctant leg in governments trying to jump start generally well-performing regional economies. But is there a point when too much debt overwhelms? Or don’t central bank balance sheets matter? Is there a limit to how far non-conventional monetary policy can extend? There is a decided trend divergence among central bank balance sheets. As the Bank of Japan and European Central Bank balance sheets sprint to over 80% of their regional Gross Domestic Product – with projections having them…
Does Helicopter Money And The Size Of Central Bank Balance Sheets Matter?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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