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by misja111 2306 days ago
Well that's not what the former ECB chairman Mario Draghi thought about it. According to him they were a success .. See e.g. http://www.ekathimerini.com/245837/article/ekathimerini/busi...

But even mr. Draghi might agree that right now the ECB is pretty powerless, given that it's rates are already below zero.

1 comments

That's because it's not a monetary policy problem, but a fiscal policy problem.

If you insist in fixing your home with your car jack, don't complain about the results.

When we design policy around increasing the value of the stock market, we effectively give stock-holders power. Good policy should create efficient markets, not "high value" ones.