The fiscal multipliers assumed by European policy makers in 2009-10 were disastrously wide of the mark. Fascinating… https://t.co/zWrRSQtlbS
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin Cartens @BIS_org op-ed in @FT