Peter Fisher: Negative Rates Very Bad for Banking System

The transcript discusses the impact of negative interest rates and flat yield curves on the banking system, questioning the effectiveness of current economic theories. It highlights the shift from monetary to fiscal policy as the primary economic tool, with a focus on productivity, tax, and spending policies. The Bank of Japan's strategy of targeting the yield curve is examined, noting its potential to guide rates higher without disrupting the market.

What concerns arise from central banks controlling prices in the economy?

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How might the Bank of Japan's actions influence global monetary policy?

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