Jeste li primjetili…

da je grčki parlament glasovao o povjerenju vladi ima koji dan?
Sigurno se sjećate 2010 i 2011 kada su ovakvi događaji rovarili po tržištima. Je li Draghi prošle godine zaista izolirao politiku iz reakcijske funkcije monetarne politike?
Lars je već prije naglašavao zašto je to bitna stvar 

This particularly is the case in the euro zone where the ECB now openly is “sharing” the central bank’s view on all kind of policy matters – such as fiscal policy, bank regulation, “structural reforms” and even matters of closer European political integration. Furthermore, the ECB has quite openly said that it will make monetary policy decisions conditional on the “right” policies being implemented. It is for example clear that the ECB have indicated that it will not ease monetary policy (enough) unless the Greek government and the Spanish government will “deliver” on certain fiscal targets. So if Spanish fiscal policy is not “tight enough” for the liking of the ECB the ECB will not force down NGDP in the euro zone and as a result increase the funding problems of countries such as Spain. The ECB is open about this. The ECB call it to use “market forces” to convince governments to implement fiscal tightening. It of course has nothing to do with market forces. It is rather about manipulating market expectations to achieve a certain political outcome.

pa bacite pogled na njegov post.
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