Deflationary QE | 31 comments (31 topical, editorial, 0 hidden)

Re: Deflationary QE (none / 1)

But given the limited (at best) direct economic effects of QE, the (foreseeable, and anticipated by the market) depressed exchange rate seems to be the main benefit to the EU. Hard to get away with "unintended consequence".

_{It is rightly acknowledged that people of faith have no monopoly of virtue
- Queen Elizabeth II}

by eurogreen on Wed Jan 28th, 2015 at 01:18:29 PM EST
[ Parent ]

Re: Deflationary QE (none / 1)

No the main effect of QE is to increase credit availability and reduce retail interest rates - currency devaluation is an indirect effect - certainly compared to the explicit currency cap operated by the Swiss National Bank - who btw are also an IMF Treaty signatory

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Jan 29th, 2015 at 10:36:48 AM EST
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Deflationary QE | 31 comments (31 topical, 0 editorial, 0 hidden)

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