Many Central Banks Around the World Are Implementing Unconventional Monetary

Multiple Choice

Many central banks around the world are implementing unconventional monetary policies combined with short-term nominal interest rates being zero or near zero, having excessive levels of reserves and unusually high leverage ratios.What is the consensus among economists on the outcome?

A) permanently higher unemployment rates
B) increased inflation rates in the long run
C) amplified negative response of the economy to unfavourable shocks and damped positive response to favourable shocks
D) lower inequality in the distribution of income
E) There is no consensus.