Oliver Adler: "Central Banks Cannot Influence Real Interest Rates in the Long-Run"
Three answers on current monetary policy – part two
Can central banks ever regain control over their balance sheets or are they servants of their government? Do negative interest rates steal from the people? Oliver Adler, Chief Economist, CIO Office Switzerland, answers these questions in part 2 of the video:
Do negative interest rates steal from people?
Can central banks ever get their balance sheets under control again?
Are central banks servants of their government?
That was part 2 of the video on Monetary Policy. Watch part 1: "Monetary policy successfully stabilized the financial system"
Read more on Monetary Policy in "The Future of Monetary Policy Shaped by the Past"