Swiss Economicblogs.org
(Originally published in December 2015) In December 2015, the ECB announced a further „easing“ of monetary policy. In order to stimulate the economy in the euro zone you will take the following measures: First, the ECB will cut its deposit rate from -0.2 per cent to -0.3 per cent. Second, the rate for main refinancing operations will remain unchanged at 0.05 per cent. Third, the ECB will expand its stimulus program by...
Read More »Serious Flaws in ECB’s Economic Thinking
