How much can central banks actually do?: Jakobsen

Saxo Bank chief economist Steen Jakobsen provides his view on the current situation concerning central banks. He thinks that monetary policy can be a support to the economy in the short term. But in the long term a low interest policy can undermine productivity. So macro does not do anything positive for the economy. Jakobsen suggests that investment productivity and innovation is the solution.

from Steen Jakobsen - Authored content https://www.tradingfloor.com/posts/how-much-can-central-banks-actually-do-jakobsen-8037581?utm_medium=tf4-feed&utm_source=extract