Quantitative tightening in the euro area
The Sound of Economics
The Economic Case for Doing QT
The economic case for doing QT today is probably relatively weak, to be honest. I think in particular for the Eurozone, the most compelling argument to do QT are actually political and legal, not economic. They're political because when QE was done in Europe, there were a lot of people saying that we wanted to basically monetize the debt of a country like Italy,. If you do QT, basically you prove those people wrong. You see what I mean?
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