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I went to a presentation by the working group behind this. It seemed like a shitshow. Maybe they’ve gained a lot of competence in a short time. Or maybe they ar
by jpttsn 6y ago
I went to a presentation by the working group behind this. It seemed like a shitshow. Maybe they’ve gained a lot of competence in a short time. Or maybe they are accelerating this to cement the negative interest rates, which could be more urgent if they keep spending on the pandemic.
- razius 6y agoI see this as driven by the negative interest rates, this is very interesting to read: - https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Breaking-Through-the-Zero-Lower-Bound-43358 https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Bre...