Economists warn central bank and government policy will not calm pandemic sell-off
Will QE and helicopter money do more harm than good?
The Bank of England recently cut interest rates to 0.1% in wake of the pandemic
Orthodox monetary and fiscal policy will not be enough to reassure investors and calm market volatility amid the ongoing fallout of the coronavirus pandemic, economists have warned, while even radical policies such as helicopter money could fail to end the mass sell-off.
Over the past two weeks central banks have rushed to slash interest rates to record lows, and boost quantitative easing (QE) and liquidity measures, but equities and other assets across the world have...
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