Central banks are facing a lose-lose proposition | Mohamed El-Erian

Unconventional policies may have staved off short-term economic collapse but they may not foster long-term growthIn recent years, central banks have made a large policy wager. They bet that the protracted use of unconventional and experimental measures…

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How the Amazon-Google-Uber effect sets inflation | Mohamed El-Erian

Tech innovations have driven the drift down in prices – policymakers ignore such forces at their peril Debates about inflation in advanced economies have changed remarkably over the past decades. Setting aside (mis)measurement issues, concerns about de…

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The west must avoid falling into the trap that stifled Japan | Mohamed El-Erian

US and European policymakers once believed they had the tools to deal with sluggish recoveryNot too long ago, the conventional wisdom held that “Japanification” could never happen in western economies. Leading US economists argued that if the combined …

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