by Summary:
The actual focus of this lecture was monetary policy after the crisis, and in particular unconventional monetary policy or QE. But to explain why it has given far less bang for the buck than economic theory expected, I had to explain why the money multiplier model of money creation is nonsense.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
The actual focus of this lecture was monetary policy after the crisis, and in particular unconventional monetary policy or QE. But to explain why it has given far less bang for the buck than economic theory expected, I had to explain why the money multiplier model of money creation is nonsense.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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