This post picks up on Draghis' comments that buying riskier assets can be better for the stabilising properties of the ECB's forthcoming credit easing. The title looks like it's calculated to put readers off. But 1) it's Friday, 2) I'm tired after spending the afternoon re-learning how to derive the Kalman Filter for students and 3) it's factually correct.
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Saving the euro with second order Ricardian…
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This post picks up on Draghis' comments that buying riskier assets can be better for the stabilising properties of the ECB's forthcoming credit easing. The title looks like it's calculated to put readers off. But 1) it's Friday, 2) I'm tired after spending the afternoon re-learning how to derive the Kalman Filter for students and 3) it's factually correct.