Full facts on the legacy of QE need to be disclosed to maintain public confidence
The writer is a professor at the Technology University of Berlin and a constitutional lawyer
Losses on the balance sheets of the world’s leading central banks have become an increasing preoccupation for governments, central bankers and the financial markets.
This is an unfortunate legacy of the massive amounts of government bonds acquired under quantitative easing in the past decade to try to boost inflation. Some of these purchases were misguided and they should have anyway been ended much earlier in the light of signs that inflation was picking up again well before the Ukraine invasion. (Read more)