The best commentary came from the Spanish daily Expansión. They gave us nine pages on Draghi’s measures and a headline from a statement made by Francisco González, president of BBVA: “” (note – I added the “all” to that statement). Draghi was already talking, a few months ago, of measures that needed to be taken in […]
A New Monetary Policy?
After the injection of capital announced by Mario Draghi, President of the European Central Bank (ECB), I stopped to reexamine what I knew about monetary policy and what I believe I know now. What conclusion did I reach? At first I thought, “This is not the monetary policy that I studied and have taught for […]