Euro Zone banks are not to responding to the ECB’s generous boost to liquidity by increasing their lending.
Tag Archives: QE
Whose inflation forecast do you believe?
The ECB’s plan for ending asset purchases hinges on a questionable CPI forecast.
When you can’t give money away…
Everything we know about economics suggests that everyone should want something if it does not cost anything. For most of us, however, that inclination is quick to pass, replaced by more pragmatic assessments.