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Negative Consequences of Unconventional Monetary Policies Around the World: Zombification of Global Economics

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  • Goghie Alexandru-Ştefan

    (Independent Researcher)

Abstract

In this paper I will analyse how unconventional monetary policies actively participate in the zombification of the economy by affecting the fair functioning of the price system and by stimulating the taking of relatively higher risks. This phenomenon leads to low inflationary expectations, which requires a new financial repression, leading to the emergence of a vicious circle.

Suggested Citation

  • Goghie Alexandru-Ştefan, 2020. "Negative Consequences of Unconventional Monetary Policies Around the World: Zombification of Global Economics," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01-2.
    • Handle: RePEc:oen:econom:y:2020:i:01-2:id:564
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    More about this item

    Keywords

    quantitative easing; economic zombification; unconventional monetary policy; banking system; interest rates; bonds purchases; central bank operations;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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