(RTTNews) - The Bank of Japan will wrap up its two-day monetary policy meeting on Friday, and then will announce its decision on interest rates to headline a modest day in Asian economic activity. The BoJ is widely tipped to keep rates on hold at the current record low of 0.10 percent, although analysts ...

November 19th, 2009 - By Miguel Almunia, Agustín S. Bénétrix, Barry Eichengreen, Kevin H. O’Rourke, Gisela Rua There is one important source of information on the effectiveness of monetary and fiscal stimulus in an environment of near-zero interest rates, dysfunctional banking systems and heightened risk aversion that has not been fully exploited: the 1930s. This column ...
Author: Barry Eichengreen