Most observers regard unconventional monetary policies such as quantitative easing as necessary to jump-start growth in today’s anemic economies. But questions about the effectiveness and risks of such policies have begun to multiply as well.
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NEW YORK – Most observers regard unconventional monetary policies such as quantitative easing (QE) as necessary to jump-start growth in today’s anemic economies. But questions about the effectiveness and risks of QE have begun to multiply as well. In particular, ten potential costs associated with such policies merit attention.