Swiss Economicblogs.org
Can we please dispense with all notions that monetary policy works? Specifically balance sheet expansion via any scale asset purchase programs. Nowhere has that been more apparent than Japan. Go back and reread all the promised benefits from BoJ’s Big Bang QQE that were confidently written in 2013. The biggest bazooka ever conceived has fallen short in every conceivable way. Starting with the fact QQE remains ongoing approaching its seventh birthday. Over here in...
Read More »What Happens When Central Banks Buy Stocks (ETFs)? Well, We Already Know
