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

Goghie Alexandru-Ştefan
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Goghie Alexandru-Ştefan: Independent Researcher

Revista OEconomica, 2020, issue 01-2

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.

Keywords: quantitative easing; economic zombification; unconventional monetary policy; banking system; interest rates; bonds purchases; central bank operations (search for similar items in EconPapers)
JEL-codes: E31 E43 E44 E52 E58 G20 (search for similar items in EconPapers)
Date: 2020
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