Articles on Issue Theme
Alexandru-Ştefan GOGHIE
Independent Researcher
In this paper I will examine the negative collateral effects of unconventional monetary policies on real economies. I will analyse how these 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. Drawing on economic theory, I will analyse the implications of these findings for an organically economic recovery.
ŒCONOMICA no. 1-2/2020
Keywords: quantitative easing, economic zombification, unconventional monetary policy, banking system, interest rates, bonds purchases, central bank operations
JEL: E31, E43, E44, E52, E58, G20
Negative Consequences of Unconventional Monetary Policies Around the World: Zombification of Global Economics
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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
János KORNAI
Harvard University
Silviu CERNA
Universitatea de Vest din Timişoara
Emil DINGA
Academia Română
Dumitru MIRON
Academia de Studii Economice din Bucureşti
Ana-Maria HOLOBIUC
Academia de Studii Economice din Bucureşti
Ioan Alexandru GHERASIM
Corvinus University of Budapest
Narciz BĂLĂŞOIU
Academia de Studii Economice din Bucureşti
Alexandru-Ştefan GOGHIE
Independent Researcher
Alin Th. CIOCÂRLIE
Independent Researcher
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