This comparison of Fed and ECB balance sheet expansion is instructive. Scale to date is remarkably similar but Fed… https://t.co/p6D1RwTLFn
@BisciariP @OECDeconomy @LauBooneEco Agreed. But look at the disposable income figures and you see that the US “overcompensated” in 2020.
@BisciariP @OECDeconomy @LauBooneEco Agreed. But look at the disposable income figures and you see that the US “overcompensated” in 2020. Disposable income after transfers went