The New Monetary Policy Revolution: Advice and Dissent

Central banks have undertaken a revolution in monetary policy. They reluctantly abandoned conventional wisdom designed to keep them out of political trouble. This paper looks at this revolution through the lens of the divergent perspectives of the IMF and the BIS. The Jeremiahs predicted this revolution would fail to reduce unemployment and lead only to financial ruin. The Jeremiahs were proved wrong on both counts. Radical whatever-it-takes monetary expansion rescued a depressed world economy. Regulatory reform kept financial risks in check.

What to expect from the Bank of England and the ECB - Russia TV 24

To what extent has the policy of the Bank of England helped to accelerate the economy? Should the Bank of England take action to try to slow inflation?
What impact will the ECB interest rate cut have? Should we expect further stimulus from the ECB?