Based partly on a new research paper co-written with Kieran McQuinn, this post discusses how Finland’s current economic slump may be a model for slow future growth in Europe.
Monthly Archives: March 2015
The Puny Fiscal Effects of European QE
Lots of people think the euro area’s central banks will be handing back all the interest payments they receive on their QE bonds, providing a nice boost to the taxpayer. They won’t. Grim details here.
How Does QE Work? A Picture Worth a Thousand Words
With QE purchases starting a few days ago, some thoughts on how QE works with a nice graph to explain.