Koo: QE Has Failed In Europe, The UK And Japan

Koo: QE Has Failed In Europe, The UK And Japan

“When I spoke with European monetary authorities last month, there were a number of discussions that gave food for thought. Specifically, I realized that while Japan, the US, the UK, and Europe have all implemented quantitative easing (QE) policies, the understanding and awareness of those policies differs greatly from country to country.” -- Richard Koo on the aftermath of QE

Quantitative easing seems to split opinions in the financial world. Some argue that the implementation of QE by central banks helped stave off a serious depression after the great financial crisis, while others argue that QE did nothing but transfer wealth from the poor to the rich and...