Archive for October 8th, 2020

Fifty shades of QE: Research by Central bankers more positive about QE than academics

October 8, 2020

Elisabeth Kempf and Lubos Pastor in this voxeu piece:

The effectiveness of central banks’ asset purchase programmes (‘quantitative easing’) has been a subject of intense debate in both academic and policy circles. Much of the analysis is conducted by the staff of central banks themselves, which is not unlike pharmaceutical firms evaluating their own drugs. Indeed, as this column shows, papers by central bank researchers in the US, the UK, and the euro area report systematically larger effects of unconventional monetary policy on output and inflation than papers by independent academics. This is not to argue that central bank research should be discounted or to question its credibility – but it does highlight a previously unexplored conflict of interest.

Anantha Nageswaran has a few more things to say.

Posted in Academic research & research papers, Central Banks / Monetary Policy, Economics - macro, micro etc, Financial Markets/ Finance | Leave a Comment »

Nudging: SEBI’s Risk-o-meter and change of names of Dividend payout Mutual Funds

October 8, 2020

SEBI has been busy trying to simplify investment in Mutual Funds (MF).

Under this new policy, it has asked all MF schemes to label their schemes based on risk-o-meter:

(more…)

Posted in Indian Economy/Financial Markets | Leave a Comment »

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