Explore a panel discussion from the 2013 Milken Institute Summit in London focusing on the future of monetary policy and quantitative easing. Gain insights from leading economists and financial experts as they analyze the potential impacts of Federal Reserve tapering, discuss the outlook for European and Japanese central banks, and examine the effects on emerging markets. Delve into topics such as the limits of quantitative easing, cost-benefit analysis, balance sheet evolution, central bank credibility, and interest rate commitments. Learn about the challenges facing policymakers as they navigate uncertain economic terrain and attempt to stimulate global growth while managing potential risks.