BOJ, Fed Hit by Semi-Slump Conditions: Blanchflower

What is the main reason the speaker believes central banks have limited impact on the economy?

• They are too aggressive in their policies.

• They focus too much on inflation.

• They are not coordinated with fiscal authorities.

• They lack the necessary tools.

According to the speaker, what is missing in the current economic strategy that Keynes emphasized?

• Higher interest rates

• Increased consumer spending

• Investment from fiscal authorities

• Stricter monetary policies

What is the credibility problem faced by central banks in achieving their inflation targets?

• They have set unrealistic targets.

• They have failed to reach their targets consistently.

• They have not communicated their goals clearly.

• They have been too aggressive in their rate hikes.

What is the missing transmission mechanism in monetary policy discussed in the third section?

• Government spending

• Bank lending

• Consumer confidence

• Interest rate adjustments

What does the speaker suggest is necessary to complement monetary policy for economic growth?

• Stricter banking regulations

• Lower interest rates

• Increased fiscal investment

• Higher taxes