The ECB has been struggling to implement a programme of quantitative easing (QE) that would successfully target deflation. The main difficulty is political, stemming from opposition from German institutions. Their argument against is that a government bond buying programme by the ECB would mix fiscal and monetary policy. This column argues the opposite – such […]
Paul de Grauwe and Yuemei Ji
Paul de Grauwe is Professor of International Economics at London School of Economics and former member of the Belgian parliament. Yuemei Ji is an aconomist at LICOS, University of Leuven, Belgium.