Richard Dobbs and Susan Lund write: The [Big] Four central banks… have injected a $4.7 trillion tidal wave of liquidity….The consensus is that these actions have raised GDP by between 1 and 3 percent and prevented a catastrophic failure in the global financial system…. Our contribution to this on-going debate suggests that… the clearest impact … Continue reading Has Quantitative Easing on a $5 Trillion Global Scale Paid Noticeable Benefits? I Think So…