LAGUNA BEACH – Six and a half years after the global financial crisis, central banks in emerging and developed economies alike are continuing to pursue unprecedentedly activist – and unpredictable – monetary policy. How much road remains in this extraordinary journey?
Read more at http://www.project-syndicate.org/commentary/monetary-policy-central-bank-activism-by-mohamed-a--el-erian-2015-02#S7qjd6OCY1YV9AFv.99