Has QE worked?
BBC World Service Economics correspondent Andrew Walker asks whether quantitative easing has worked in the USA? And can markets ever be weaned off their short term outlooks?
BBC World Service Economics correspondent Andrew Walker enjoys the wisdom of country and western singing money manager Merle Hazard (also known as Nashville fund manager Jon Shayne) for this week's In the Balance programme. Andrew discusses whether QE has worked in the USA with guests Bridget Rosewell from the economic consultancy Volterra; Richard Dobbs, a director of the McKinsey Global Institute and in the US, Professor Jeffrey Frankel of Harvard University. And Professor John Kay talks about the perils of short-termism.