August 27, 2014 Leave a comment
In order to increase the effectiveness of monetary policy, central banks have made radical changes to their long-standing ideologies. In today’s City AM newspaper, Patrick Artus – Natixis’ chief economist – explores central banks new attitudes, preferring transparency over the more traditional opacity, despite the ensuing risk in terms of credibility. Furthermore, they now want to intervene in all asset prices, which in increasingly leading to asset classes being overvalued.
To read the full article, please click here.