@DanielaGabor @jonsindreu @JoMicheII @tomashirstecon @bankofengland So ECB absorbing debt neutralizes pressure from bond markets. BUT because deficits now show up in ECB balance sheet the argument moves there? And into the EU institutions, fiscal rules etc? Instead of bond vigilantes you actually need sheriffs and laws?
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…