From Ken Rogoff’s October 11, Financial Times Op-Ed
“It would be wrong to abandon the policy of negative rates The alternatives are deeply unattractive” writes Kenneth Rogoff. But here’s the real rub.
The mixed results from experiments with negative interest rate policy in Europe and Japan have led many to conclude that the idea is ill begotten and should be abandoned. To do so would be a serious mistake.
The word “experiment” and “central banking” never belongs in the same thought or sentence. Ever.
Here’s his Op-Ed