Excessive liquidity leads to 'Great Recession' - financial stability at risk!
The financial crisis and 'great recession' were caused by too much money in the economy and growing inequality, benefiting the financial sector.
Global Great Recession Devastated Economies, Upended Livelihoods Worldwide
Policy uncertainty on rising public debt prevents deflation during economic crises.
DSGE model accurately predicts economic contraction and modest inflation post-recession