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How much can central banks actually do?: Jakobsen
Saxo Bank chief economist Steen Jakobsen provides his view on the current situation concerning central banks. He thinks that monetary policy can be a support to the economy in the short term. But in the long term, a low interest policy can undermine productivity. So macro does not do anything positive for the economy. Jakobsen suggests that investment, productivity and innovation is the solution.
02:52 minutes
Tags: central banks, ecb, european central bank, monetary policy, saxo bank, saxo tv, steen jakobsen, tradingfloor.com
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