Economics, Econometrics and Finance
8 years ago

G20 Leaders Urged to Address Monetary Policy Stasis for Global Stability

International Organisations Research Journal
The G20 and the Monetary Policy Stasis
Andrew Baker

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Monetary policy has been stuck since the 2008 financial crash, with interest rates staying low and inflation targets consistently missed. Different unconventional policies have been tried, but there are doubts about the current frameworks. The G20 leaders should step in to start a debate on the future of monetary policy, as they have the authority to do so. A working group should be formed to discuss different viewpoints and make recommendations.