Monthly Archives: November 2011

At the Fed: What did come next?

September 22 the Federal Reserve initiated “Operation Twist” where they announced that they would start restructuring its debt by buying up long bonds with the proceedings from short bond sales, with the aim of lowering the long-term yields. As I … Continue reading

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Draghi says Hello and cuts the ECB interest rate

Today, new ECB president Mario Draghi led the Governing Council of the ECB in its meeting on monetary policy decisions. It turned out to be an interest cut, as the interest rate on main refinancing operations was decreased from 1.5% … Continue reading

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Posted in Economists, Macroeconomics, Monetary policy | Tagged , | Leave a comment