"The ECB is set to shrink its balance sheet at a much faster pace than the US Federal Reserve, primarily due to the paying back of targeted longer term refinancing operations (TLTRO) over the course of 2023." I had not fully internalized this.
ft.com/content/25e3da…
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,…