{"id":6158,"date":"2013-11-18T17:02:41","date_gmt":"2013-11-18T15:02:41","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=6158"},"modified":"2013-11-23T17:56:30","modified_gmt":"2013-11-23T15:56:30","slug":"qe-and-ultra-low-interest-rates-distributional-effects-and-risks","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/qe-and-ultra-low-interest-rates-distributional-effects-and-risks\/","title":{"rendered":"QE and ultra-low interest rates: Distributional effects and risks"},"content":{"rendered":"<p>There is widespread consensus that the conventional and unconventional monetary policies that world\u2019s major central banks implemented in response to the global financial crisis prevented a deeper recession and higher unemployment than there otherwise would have been. These measures, along with a lack of demand for credit as a result of the recession, contributed to a decline in real and nominal interest rates to ultra-low levels that have been sustained over the past five years.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae:<\/strong> McKinsey Global Institute<\/p>\n<p><a href=\"http:\/\/www.mckinsey.com\/insights\/economic_studies\/qe_and_ultra_low_interest_rates_distributional_effects_and_risks\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is widespread consensus that the conventional and unconventional monetary policies that world\u2019s major central banks implemented in response to the global financial crisis prevented a deeper recession and higher unemployment than there otherwise would have been. These measures, along with a lack of demand for credit as a result of the recession, contributed to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,34,4],"tags":[28,25],"class_list":["post-6158","post","type-post","status-publish","format-standard","hentry","category-19","category-34","category-proposals","tag-28","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=6158"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6158\/revisions"}],"predecessor-version":[{"id":6178,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6158\/revisions\/6178"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=6158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=6158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=6158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}