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The European experience has shown that negative rates aren't really working, other than killing the local banking system.

• misja111 7y 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/business/draghi-greece-selling-debt-at-negative-rates-is-a-success 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.
  • RobertoG 7y ago
    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.
    • cm2187 7y ago
      Worthwhile read: https://www.business-standard.com/article/finance/can-banks-survive-negative-rates-instability-in-global-financial-system-119091300319_1.html https://www.business-standard.com/article/finance/can-banks-...
      • speedplane 7y ago
        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.