“signalling” theory of QE: central banks’ balance-sheets influence long-term bond yields not directly but by acting as a marker for future interest rates -> so long as i.r. expectations remained anchored you can slow purchases without tantrum.
economist.com/finance-and-ec… https://t.co/ARo2FQBOH0
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,…