@B_Eichengreen @AnnPettifor In USA, QE steepened curve & weakened $, but time will tell if it boosted capacity amidst weak demand.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@AnnPettifor If QE isn't boosting fiscal expansion, it may prove false siren to investors & so long run deflationary.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@AnnPettifor Maybe at La Farine QE has customers bidding up morning buns, but elsewhere not so much.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@AnnPettifor QE works best as monetary & fiscal collab; it may work investor expectations, but common man's? C'mon.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@AnnPettifor Deflation? Caused by money printing... their cure is their disease!Thanks. Twitter will use this to make your timeline better. UndoUndo
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On the need of ECB QE from one of my favourite authors (plan B of orderly exits also needed!)
@B_Eichengreen http://www.project-syndicate.org/commentary/ecb-quantitative-easing-by-barry-eichengreen-2014-12 … -
@Huopainen@B_Eichengreen great piece
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