What it now means is that central banks in the advanced economies have no alternative but to keep monetary policy ultra-loose. And it’s not as if these countries haven’t tried fiscal policy. We know what expansionary fiscal policy in southern Europe led to. The scary question is: was Draghi saying monetary policy has reached its limits? Manas Chakravarty looks at trends and issues in the financial markets.

Source: Mint September 11, 2016 17:48 UTC