In doing so, we should not ignore issues of inequality. 2. Faced with complex problems, we can achieve a lot by correcting erroneous beliefs. Our reality is complex, so we should not attempt to present it in an oversimplified manner. Politicians and other experts are thus reminded of their responsibility to inform the public, especially on matters that are complicated.
I argued that ample provision of liquidity contributed to preventing the economy from falling into a deflationary spiral. Besides, the additional injection of liquidity into the market complemented the commitment about the future path of the policy interest rate, thereby strengthening the “policy duration effect”.