The “Policy Swap”

I´m coming to this on the footsteps of Lars, Britmouse and Ambrose Evans-Pritchard. But I couldn´t resist putting up a couple of “swap images”!

Monetary policy is ‘brightening’ Japan and ‘dooming’ the Zone!

Policy Swap

It appears “Abenomics” packed much more punch than Draghis´ “whatever it takes”. One is a PM the other just a CB Head (in a dysfunctional Union)!

6 thoughts on “The “Policy Swap”

  1. Pingback: “Whatever it takes to get deflation” (Stealing two graphs from Marcus Nunes) | The Market Monetarist

  2. Pingback: ラルス・クリステンセン 「このグラフを見よ! ~デフレから脱却する術~」 — 経済学101

  3. Pingback: ラルス・クリステンセン 「このグラフを見よ! ~デフレから脱却する術~」 — 経済学101

  4. A bit unfair on Draghi. The counter-factual of him not saying that back in mid-2012 was truly too awful to contemplate.

    But you are basically right, he really needed to actually do some OMT (Outright Monetary Transactions) rather than just talk about doing them if necessary.

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