Finally, the ECB should explain clearly that an accompanying - TopicsExpress



          

Finally, the ECB should explain clearly that an accompanying fiscal expansion is crucial for the effectiveness of QE. Otherwise the bank could be blamed for a failure for which it is not responsible, no matter how well the monetary part of the programme is designed. This is the last tool that the ECB has to fight deflation. It should not be wasted through blunders or bad compromises. voxeu.org/article/effective-eurozone-qe-size-matters-more-risk-sharing
Posted on: Tue, 20 Jan 2015 22:43:27 +0000

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