13 - Joseph Gagnon on Quantitative Easing in the United States and Abroad
Macro Musings with David Beckworth
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The E C B Policy Making Is a Flawed Currency Union
New paper from mercata center on mistakes the e c b made. If ce does work, if it's applied properly, you should eventually see higher long term yields. But where i disagree with those guides is on the timing and serto,. You know, the causality o absolutely et yet. Tis is a natural tendency not to do much of something too new and unprecedented. We sort of knew that if you took the barbesque estimates literally what this would mean for us - we just didn't realise how big they were.
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