Thursday, January 22, 2015

The QE; it does nothing!

The ECB has announced about a trillion Euros worth of QE. I have taken this into account and made no change to my inflation predictions through the rest of 2015 since the monetary base is irrelevant to inflation:


Short term interest rates will fall, though! I'll try to have a graph of that up soon ...

Also, the title reference:

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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.