Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Alexandru-Ştefan GOGHIE

Independent Researcher

In this paper I will examine the negative collateral effects of unconventional monetary policies on real economies. I will analyse how these policies actively participate in the zombification of the economy by affecting the fair functioning of the price system and by stimulating the taking of relatively higher risks. This phenomenon leads to low inflationary expectations, which requires a new financial repression, leading to the emergence of a vicious circle. Drawing on economic theory, I will analyse the implications of these findings for an organically economic recovery.

ŒCONOMICA no. 1-2/2020

Keywords: quantitative easing, economic zombification, unconventional monetary policy, banking system, interest rates, bonds purchases, central bank operations

JEL: E31, E43, E44, E52, E58, G20

Negative Consequences of Unconventional Monetary Policies Around the World: Zombification of Global Economics

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