News for hackers. Stuff that matters.

A comment on Can the West’s perplexing employment miracle continue?. Parent comment

Re:Can the West’s perplexing employment miracle continue? by drexlspivey on Sunday March 05, 2023 @07:29PM (#35035930)
They have two knobs, setting interest rates and their balance sheet
[ Parent | on HN ]
Re:Can the West’s perplexing employment miracle continue? by eftychis on Sunday March 05, 2023 @07:34PM (#35035985)
https://www.ecb.europa.eu/pub/pdf/other/art01_eb201504.en.pd

The balance sheet is used to direct effective interest rates intramarket -- not a separate knob.

[ Parent | on HN ]