Pinboard (asterisk2a)
https://pinboard.in/u:asterisk2a/public/
recent bookmarks from asterisk2aGeographies of Austerity: Mark Blyth2016-07-04T16:25:04+00:00
https://www.youtube.com/watch?v=d6_NuN4JfwM
asterisk2aausterity Tories Conservative Party nasty general election 2010 2015 George Osborne Iain Duncan Smith David Cameron Ed Miliband economic history Mark Blyth book Richard Koo welfare state reform bank bailout GFC recovery secular stagnation IMF ChristineLagarde Salami Tactics aggregate demand short-fall liquidity trap fiscal policy Confidence Fairy monetary ZIRP NIRP QE Tony Blair Gordon Brown European Union Euro ECB BOJ PIGS Pact Schuldenbremse Wolfgang Schäuble Angela Merkel Career Politicians politician zombie banks banking systemic risk OMT LTRO MarioDraghi trichet BOE deflation deflationary productivity gap productive investment underinvestment infrastructure rentier rent-seeking Carney Donald Trump business consumer TLTRO non-performing loan NPL Jens Weidmannhttps://pinboard.in/u:asterisk2a/b:86f02a214730/ECB reveals surprise stimulus moves - BBC News2016-03-10T16:54:50+00:00
http://www.bbc.co.uk/news/business-35774629
asterisk2aECB ZIRP NIRP QE OMT inflation targeting LTRO TLTRO deflation secular stagnation deflationary Oil price commodity prices squeezed middle class demographic bubble zombie banks global economy Richard Koo liquidity-trap liquidity trap underinvestment aggregate demand distortionhttps://pinboard.in/u:asterisk2a/b:1d90154e0e44/German Banks Told To Start Hoarding Cash | Zero Hedge2016-03-04T19:40:55+00:00
http://www.zerohedge.com/news/2016-03-04/revolution-begins-german-banks-told-start-hoarding-cash
asterisk2aRichard Koo aggregate demand austerity fiscal policy Pact Schuldenbremse economic history ZIRP NIRP QE distortion financial repression hunt for yield speculative bubbles speculation Venture Capital Mutual Fund Private Equity reflate reflation recovery GFC debtoverhang liquidity trap zombie banks deleveraging Debt Super Cycle secular stagnation consumer wage squeezed middle class disposable income discretionary spending marginal propensity to consume tax evasion avoidance oligarchy plutocracy Rich 1% household car loan credit card student Bubble generation rent OMT job creation Service Sector Jobs working poor precarious work Precariat Zero Hour Contract Contractor Leiharbeit Zeitarbeit Agenda 2010 low pay TLTRO LTRO monetary transmission mechanism velocity of moneyhttps://pinboard.in/u:asterisk2a/b:c7771e102797/Energy price slump sends eurozone into deflation - BBC News2016-03-01T01:01:58+00:00
http://www.bbc.co.uk/news/business-35686953
asterisk2aEurope European Union deflationary deflation Fiscal Pact zombie banks liquidity trap ZIRP NIRP QE ECB MarioDraghi monetary policy Richard Koo Angela Merkel Wolfgang Schäuble transmission mechanism Schuldenbremse austerity 2016 economic history recovery secular stagnation demographic bubble ageing population babyboomers Germany OMT TLTRO LTRO George Osborne G20 UK sovereign debt crisis PIGS Japan Abenomics BOJ BOE Mark Carneyhttps://pinboard.in/u:asterisk2a/b:aff67c263ee6/How do we move beyond the “austerity” debates? - YouTube2016-02-21T00:34:36+00:00
https://www.youtube.com/watch?v=R-JuDKoaG-g
asterisk2aausterity ECB OMT TLTRO LTRO Fiscal Pact Schuldenbremse Angela Merkel Richard Koo economic history UK George Osborne Wolfgang Schäuble ZIRP NIRP QE household debt consumer credit card car loan student Bubble Generationengerechtigkeit fairness non-performing NPL discretionary spending disposable income tax welfare state social safety net underinvestment infrastructure investment Council productivity output gap European Union Germany France David Cameron dogma ideology BOE Mark Carney property distortion squeezed middle class working poor job creation Service Sector Jobs precarious work Precariat low pay wage stagnation servitude Bundesbank BuBa youth unemployment skills secular policy monetary aggregate demand Housing Crisis affordablehttps://pinboard.in/u:asterisk2a/b:34ca777eac72/Money talks: Clutching at straws by The Economist2016-02-19T01:08:28+00:00
https://soundcloud.com/theeconomist/money-talks-clutching-at-straws
asterisk2aMarioDraghi centralbanks ECB unconventional monetary policy ZIRP NIRP QE OMT TLTRO LTRO deflationary deflation consumer confidence Bundesbank European Union zombie banks Germany recovery refugee crisis Wolfgang Schäuble Angela Merkel fiscal austerity liquidity trap Richard Koo Schuldenbremse Pact stimulus OECD IMF sovereign debt PIGS distortion hunt for yield speculative bubbles unknown unkown unintended consequences Career Politicians short-termism BIS economic history velocity of money supply moneysupply M3 transmission mechanism balance sheet recession debtoverhang deleveraging risk aversion secular stagnation babyboomers ageing population demographic bubble France Niall Ferguson youth unemployment Sozialpolitik Integrationspolitik Soziale Marktwirtschaft underinvestment productive investment output gap productivity Gini coefficient inequality tax evasion avoidancehttps://pinboard.in/u:asterisk2a/b:876469e3112e/Karlsruhe: Anleihekäufe der EZB vor dem Verfassungsgericht - SPIEGEL ONLINE2016-02-16T18:50:48+00:00
http://www.spiegel.de/wirtschaft/soziales/karlsruhe-anleihekaeufe-der-ezb-vor-dem-verfassungsgericht-a-1077708.html
asterisk2aECB Bundesbank TLTRO LTRO OMT unconventional monetary policy MarioDraghi financial repression liquidity trap Richard Koo zombie banks demographic bubble ageing population European Union economic history QE ZIRP NIRP deflationary deflationhttps://pinboard.in/u:asterisk2a/b:97df1360cbaa/From Ticker - S&P: QE is driving inequality between the generations2016-02-11T16:31:04+00:00
http://www.theguardian.com/business/live/2016/feb/10/market-turmoil-australia-japan-ftse-deutsche-bank-dow-live?page=with:block-56bb3695e4b0cc23201724ec#block-56bb3695e4b0cc23201724ec
asterisk2aQE inequality reflate reflation distortion recovery job creation Service Sector Jobs UK USA fiscal policy monetary stimulus unconventional Fed BOE bank bailout zombie banks consumer corporations ZIRP NIRP TARP TLTRO LTRO ECB equity bubble asset property Housing Crisis Help to Buy Scheme Save Right income Gini coefficient social mobility budget deficit austerity George Osborne distribution poverty trap tax credit low pay squeezed middle class Precariat Zero Hour Contract Contractor part-time Tories nasty party homeless homelessness affordable Conservative Toff Privileged Establishment Funding discretionary spending disposable household debt card student loan servitude economic historyhttps://pinboard.in/u:asterisk2a/b:a141b05f69cf/What's holding back the world economy? | Business | The Guardian2016-02-09T20:10:48+00:00
http://www.theguardian.com/business/2016/feb/08/whats-holding-back-world-economy-joseph-e-stiglitz
asterisk2aJoseph Stiglitz secular stagnation reflate reflation austerity QE ZIRP NIRP TARP TLTRO LTRO zombie banks corporations consumer Richard Koo debt household car loan credit card Student Bubble disposable income discretionary spending squeezed middle class Precariat low pay wage growth USA UK Europe western world mortgage market NPL servitude underinvestment productive investment infrastructure economic history policy folly error corporate welfare tax evasion avoidance Gini coefficient distribution social mobility poverty trap inequality recovery job creation Service Sector Jobs distortion financial repression speculative bubbles hunt for yield asset equity VIX volatility Help to Buy Scheme monetary liquidity fiscal debtoverhang deleveraging balance sheet recession confidence business productivity output gap aggregate demand redistribution repo transmission mechanism system GFC banking crisis retail hot-money Frontier Markets emerging BRIC rent-seeking rentier carbon damagehttps://pinboard.in/u:asterisk2a/b:c1d7d1bbf12a/Adam Posen: What Japan and the UK Demonstrate about Macroeconomic Stimulus - YouTube2016-01-30T03:43:50+00:00
https://www.youtube.com/watch?v=8Ko9tcdWY90
asterisk2aAbenomics economic history secular stagnation UK austerity Japan BOE BOJ Mark Carney deflationary deflation demographic bubble ageing population migration immigration Sozialpolitik Integrationspolitik Paul Krugman JGB ZIRP NIRP QE liquidity trap balance sheet recession Richard Koo deleveraging ECB TLTRO LTRO debt monetisation monetization monetary policy transmission mechanism stimulus theory unconventional system financial repression distortion speculative bubbles creditrating creditrisk junk bond NPL credit recovery George Osborne Fiscal Pact Schuldenbremse Super Cycle sovereign crisis debtoverhang currency-war currency debasement war current account deficit trade IMF OBR foreign direct investment Conservative Party nasty fairness Generationengerechtigkeit folly errorhttps://pinboard.in/u:asterisk2a/b:bf6c1d1cc83e/Europäische Zentralbank weitet Anleihenkäufe aus - Dax bricht ein - SPIEGEL ONLINE2015-12-03T16:46:46+00:00
http://www.spiegel.de/wirtschaft/unternehmen/europaeische-zentralbank-flutet-maerkte-mit-noch-mehr-geld-a-1065919.html
asterisk2aECB QE TLTRO LTRO 2015 ZIRP NIRPhttps://pinboard.in/u:asterisk2a/b:f4d2fd86e07a/Blackrock-Vize Hildebrand kritisiert europäische Behörden - SPIEGEL ONLINE2015-11-23T20:26:57+00:00
http://www.spiegel.de/wirtschaft/unternehmen/blackrock-vize-hildebrand-kritisiert-europaeische-behoerden-a-1063828.html
asterisk2aVW bank bailout FIFA corporate scandal Volkswagen sovereign debt crisis too big to bail Grexit European Union secular stagnation self-regulation regulation regulators deregulation accountability white-collar crime banking investment retail recovery MarioDraghi ECB NIRP ZIRP TLTRO LTRO QE GFC economic history debtoverhang Richard Koo fiscal monetary Brussels lost decade lostgeneration generation Generationengerechtigkeit austerity Pact Schuldenbremse underinvestment productive ageing population demographic bubble squeezed middle class emerging discretionary spending Sozialer Abstieg income distribution disposable Brexit credit BRIC market Developing World western Niall Fergusonhttps://pinboard.in/u:asterisk2a/b:b7db2651a257/In the loop October 2: Flemish separatism, F1 and the Juncker plan by POLITICO Europe2015-10-05T17:34:06+00:00
https://soundcloud.com/politico-europe/in-the-loop-october-2-flemish-separatism-f1-and-the-juncker-plan
asterisk2aEuropean Union technocrat bureaucrat Jean-Claude Juncker infrastructure investment STEM Research R&D underinvestment fiscal policy Pact stimulus public business Schuldenbremse Politics Career Politicians No Representation Brussels Parliament Election 2014 Commission Eurobond PIGS PIIGSFB Richard Koo secular stagnation Niall Ferguson Germany Angela Merkel Wolfgang Schäuble Eurogroup austerity Grexit confidence consumer excess reserves zombie banks corporations ECB QE TLTRO LTRO monetary transmission mechanism liquidity trap ZIRP NIRP corruption ideology dogma campaign promises White Elephant productive productivity Makers folly social contract political theory accountability transparency oversight 2015https://pinboard.in/u:asterisk2a/b:23af1c57399b/The Draghi Put - YouTube2015-08-30T22:55:22+00:00
https://www.youtube.com/watch?v=sVCIivy7dG0
asterisk2a90% debt2gdp u have a problem! == Rechtsruck &or Anti-Austerity. Political tail-risk!]]>Draghi Put ECB ELA TLTRO LTRO QE ZIRP NIRP liquidity trap distortion bond bubble asset equity reflate reflation financial repression allocation speculative bubbles deflationary deflation inflation expectation targeting MarioDraghi monetary transmission mechanism M3 policy stimulus theory hot-money hunt for yield debt monetisation monetization trust devaluation currency debasement currency-war fiat trustagent distrust Richard Koo fiscal austerity balance sheet recession deleveraging servitude Super Cycle Mark Blyth inequality New Normal economic history underinvestment productive investment infrastructure output gap productivity UK Europe Germany PIIGSFB zombie banks Thomas Piketty demographic ageing population growth Rechtsruck SNP European Election 2014 UKIP AfD NPD Conservative Party Tories Establishment Privileged babyboomers Lügenpresse manufactured consent PR spin doctor propaganda populism Labour Career Politicians No Representation social contract Generationengerechtigkeit fairness poverty Gini coefhttps://pinboard.in/u:asterisk2a/b:8bb174a071ae/ECONOMIC COLLAPSE: Bill Gates agrees Fed Creating Huge Asset Bubbles - YouTube2015-07-19T20:41:55+00:00
https://www.youtube.com/watch?v=Axh7CcyZIiU
asterisk2aBill Gates ZIRP NIRP QE negative real interest rate asset bubble speculative bubbles speculation equity China property housing market UK USA monetary policy reflation debt monetisation monetization TARP TLTRO LTRO ELA zombie banks balance sheet recession unknown unkown unintended consequences Taper bond credit liquidity trap economic history bailout GFC recovery distortion warrenbuffet derivatives shadow banking shadowbankinghttps://pinboard.in/u:asterisk2a/b:65f9e997138a/Richard Koo: "Out of the Balance Sheet Recession and into QE 'Trap'" - YouTube2015-07-14T20:49:47+00:00
https://www.youtube.com/watch?v=rMGUveWr7Fg
asterisk2a2015 UK USA liquidity trap QE ZIRP NIRP balance sheet recession deleveraging debtoverhang Japan Fed BOE BOJ GFC recovery austerity economic history model academia deflationary monetary transmission mechanism M3 LTRO TLTRO lost decade generation fiscal policy Career Politicians bond bubble equity property negative real interest rate deposit levy growth trickle-down economics secular stagnation headwinds Great Depression PIIGSFB PIGS macroeconomic microeconomic damage behavioral zombie banks Abenomics squeezed middle class wage cash flow management trust distrust long-term view thinking sovereign debt crisis servitude household monetisation monetization Super Cycle student loan private consumer George Osborne David Cameron competitiveness competitive industrial budget2015 business investment infrastructure demographic uncertainty Sozialer Abstieg disposable income discretionary spending Yen JGB Taper greatrecession USD dogma ideology public short-term productivity output gap underinvestment productive book savihttps://pinboard.in/u:asterisk2a/b:7117ac773faf/Griechenland: Was Angela Merkel noch alles angeboten hat - SPIEGEL ONLINE2015-06-30T16:04:33+00:00
http://www.spiegel.de/politik/deutschland/drohender-grexit-was-merkel-griechenland-angeboten-hat-a-1041245.html
asterisk2aGrexit default IMF EFSF Angela Merkel PIGS Wolfgang Schäuble European Union Career Politicians economic history sovereign debt crisis zombie banks GFC recovery Great Depression Greece austerity Troika ECB Syriza democracy solidarity political error economy folly policy ESM ELA BuBa Bundesbank LTRO TLTRO MarioDraghi Jean-Claude Junckerhttps://pinboard.in/u:asterisk2a/b:b5e79a7592c2/US-Ratingagentur Standard & Poor's: Rundumschlag gegen europäische Banken - SPIEGEL ONLINE2015-06-10T12:23:45+00:00
http://www.spiegel.de/wirtschaft/unternehmen/a-1038035.html
asterisk2aEuropeanSystemicRiskBoard zombie banks Europe PIGS Grexit Brexit sovereign debt crisis austerity Fiscal Pact Schuldenbremse Angela Merkel Wolfgang Schäuble IMF Troika economic history GFC recovery ZIRP NIRP TLTRO LTRO monetisation monetization ECB policy monetary toobigtofail TBTF investment banking bailout systemicrisk union sovereignty Gramny Francehttps://pinboard.in/u:asterisk2a/b:8341485a43b0/Staatsanleihen und Zinsen: Kommt der nächste Crash? - SPIEGEL ONLINE2015-05-17T17:02:38+00:00
http://www.spiegel.de/wirtschaft/staatsanleihen-und-zinsen-kommt-der-naechste-crash-a-1034007.html
asterisk2abond bubble Taper Oil price 2015 asset allocation distortion QE ZIRP NIRP TLTRO LTRO Fed BOJ ECB BOE Europe UK USA sovereign debt crisis recovery GFC economic history zombie banks corporations consumer mortgage market monetary policy Super Cycle deleveraging household monetisation monetization private debtoverhang M3 liquidity trap transmission mechanism energy austerityhttps://pinboard.in/u:asterisk2a/b:0778c84ee3bb/The Ashcroft Interviews: Money, Blood & Revolution - YouTube2015-03-16T07:16:36+00:00
https://www.youtube.com/watch?v=Mpavwo_VYQ8
asterisk2abook economics economist GFC academia academics centralbanks equilibrium disequilibrium QE debt monetization monetisation monetary policy unconventional bubble sovereign crisis Super Cycle jubilee restructuring balance sheet recession debtoverhang overhang Gini coefficient income inequality social cohesion trickle-down liquidity trap Philosophy LTRO TLTRO education mobility fairness tax evasion avoidance downward safety net austerity Makers folly error Career Politicians Lobbying lobbyist lobby Rich 1% Wall Street crony capitalismhttps://pinboard.in/u:asterisk2a/b:13621389fcf3/Warum wir weiter Bargeld brauchen - Münchau zu Rogoff-Vorstoß - SPIEGEL ONLINE2014-11-25T04:33:30+00:00
http://www.spiegel.de/wirtschaft/soziales/warum-wir-weiter-bargeld-brauchen-muenchau-zu-rogoff-vorstoss-a-1004608.html
asterisk2afiat currency inflation targeting deflation deflationary Europe economic history ECB MarioDraghi fiscal policy monetary QE ZIRP NIRP OMT zombie banks business confidence Japan lost decade generation LTRO TLTRO Structural Impediments PIGS Angela Merkel Pact Schuldenbremse France Sick man of imbalance faultlines infrastructure investment Demand and Supply China Russia BRIC Frontier Markets Exportweltmeister GFC recovery liquidity trap Richard Koo KennethRogoff balance sheet recession deleveraging debtoverhang Debt Super Cycle Wall Street asset bubble speculative bubbles hunt for yield crony capitalism Lohnzurückhaltung consumer profit maximisation Future Work Software Is Eating The World culture society Politics short-term thinking view compromise Career Politicians Lobbying lobbyist lobby flat globalisation globalizationhttps://pinboard.in/u:asterisk2a/b:9d1e62d2d58f/Anleihekäufe führen nicht zu Inflation: Kolumne von Wolfgang Münchau - SPIEGEL ONLINE2014-11-17T23:26:02+00:00
http://www.spiegel.de/wirtschaft/unternehmen/anleihekaeufe-fuehren-nicht-zu-inflation-kolumne-von-wolfgang-muenchau-a-1003327.html
asterisk2aliquidity trap Japan BOJ Fed BOE ECB quantitative-easing QE ZIRP NIRP OMT TLTRO LTRO TARP POMO equity bubble asset allocation hunt for yield sovereign debt crisis Richard Koo lost decade economic history monetary transmission mechanism theory business confidence consumer zombie banks investment trust trustagent fiscal policy austerity IMF BIS centralbanks deleveraging debtoverhang Super Cycle monetization monetisation restructuring haircut system fiat currency deflation deflationary inflation targeting expectation flat world globalization globalisation faultlines infrastructure Structural Impediments imbalance competitive competitiveness China BRIC Frontier Markets Developing global trade macroeconomics microeconomics labour market economics 21stcentury Software Is Eating The algorithm Robotics automation Niedriglohnsektor lohndumping Lohnzurückhaltung disposable income Mobile Creative Creativeshttps://pinboard.in/u:asterisk2a/b:8fc6b0c02d30/Capitalism in Crisis Amid Slow Growth and Growing Inequality - SPIEGEL ONLINE2014-10-24T14:31:44+00:00
http://www.spiegel.de/international/business/capitalism-in-crisis-amid-slow-growth-and-growing-inequality-a-998598.html
asterisk2aJapan economic history GFC recovery greatrecession 2014 secular stagnation faultlines Abenomics Richard Koo structural imbalance global imbalances Impediments deficit liquidity trap globalisation globalization flat world Gini coefficient social cohesion income inequality mobility downward disposable academia academics fiscal policy monetary debtoverhang Debt Super Cycle sovereign crisis deleveraging NPL zombie banks business investment consumer confidence balance sheet recession creditcrunch Wall Street crony capitalism excess Bailout toobigtofail TBTF too big to jail unintended consequences equity bubble asset ZIRP NIRP QE OMT TARP LTRO TLTRO Funding for Lending Scheme IMF BIS Europe UK USAhttps://pinboard.in/u:asterisk2a/b:b539c50178ce/Thomas Mayer und sein Buch "Die neue Ordnung des Geldes" - SPIEGEL ONLINE2014-10-21T02:23:06+00:00
http://www.spiegel.de/wirtschaft/thomas-mayer-und-sein-buch-die-neue-ordnung-des-geldes-a-996475.html
asterisk2abook GFC toobigtofail TBTF too big to jail BIS IMF Fed academia economic history BOE BOJ Abenomics ECB ZIRP NIRP QE OMT LTRO TLTRO Bailout liquidity trap monetary theory policy unintended consequences asset bubble equity unknown unknowns unkown Debt Super Cycle transmission mechanism consumer confidence business trust trustagent fiat currency model economics macroeconomicshttps://pinboard.in/u:asterisk2a/b:1b62dcf56645/IWF-Treffen in Washington: Kritik an Geldpolitik von Draghi - SPIEGEL ONLINE2014-10-12T20:29:09+00:00
http://www.spiegel.de/wirtschaft/soziales/iwf-treffen-in-washington-kritik-an-geldpolitik-von-draghi-a-996714.html
asterisk2aIMF BIS ZIRP QE NIRP OMT TLTRO LTRO monetary transmission mechanism distortion Richard Koo deleveraging trust trustagent business confidence consumer liquidity trap ECB BOE Fed MarioDraghi Germany PIGS faultlines global imbalances structural imbalance Impediments working poor underemployed squeezed middle class Demand and Supply Lohnzurückhaltung deflation deflationary stagflation secular stagnation Europe France Sick man of infrastructure investment BRIC MINT Frontier Markets Developing World Exportweltmeister balance sheet recession GFC debtoverhang Debt Super Cycle economic history globalization globalisation disposable income flat ABS zombie banks UK USA lost decade generation Policy Makers education fiscal folly error complexity unintended consequences academia Taper Gini coefficient inequality mobility downward social Rich 1% Bailout No Representation Career Politicians bankinghttps://pinboard.in/u:asterisk2a/b:9ed69748c241/EZB: Draghi kündigt Aufkaufprogramm für Kredite an - SPIEGEL ONLINE2014-10-02T23:48:46+00:00
http://www.spiegel.de/wirtschaft/ezb-draghi-kuendigt-aufkaufprogramm-fuer-kredite-an-a-995165.html
asterisk2aECB MarioDraghi monetary policy unconventional ABS creditcrisis creditcrunch business investment transmission mechanism inflation expectation Europe PIGS NPL deleveraging balance sheet recession debtoverhang sovereign debt crisis austerity IMF France Germany trade 2014 recovery GFC stagflation secular stagnation Richard Koo Structural Impediments infrastructure unemployment deficit imbalance faultlines budget fiscal Pact liquidity trap ZIRP NIRP QE OMT TLTRO LTRO zombie banks confidence trust trustagent distortion unintended consequences complexity asset bubblehttps://pinboard.in/u:asterisk2a/b:b84f5879fe7e/Not that negative after all - YouTube2014-09-23T23:52:00+00:00
https://www.youtube.com/watch?v=l587uRIzYOk
asterisk2amonetary stimulus policy unconventional ECB negative real interest rate NIRP ZIRP QE TLTRO OMT ABS LTRO liquidity trap transmission mechanism business investment infrastructure trust trustagent confidence creditcrunch economic history Europe faultlines Structural Impediments deficit imbalance debtoverhang deleveraging balance sheet recession PIGS flat world globalization globalisation Exportweltmeister Germany BuBa austerity IMF stagflation secular stagnation Debt Super Cycle sovereign crisis zombie banks distortion BRIC MINT USA UK MarioDraghi Demand Shock Supply and industrial manufacturing Services Industry service economy recovery GFC 2014 consumer output gap productivityhttps://pinboard.in/u:asterisk2a/b:fe10171fd993/ESM: Kreditprogramm ausgereizt - Nachfrage fehlt im Euro-Raum - SPIEGEL ONLINE2014-09-22T20:47:57+00:00
http://www.spiegel.de/wirtschaft/esm-kreditprogramm-ausgereizt-nachfrage-fehlt-im-euro-raum-a-993142.html
asterisk2aESM TLTRO LTRO ABS monetary transmission mechanism ECB fiscal policy Pact infrastructure investment business creditcrunch creditcrisis Europe unconventional confidence trust trustagent deleveraging balance sheet recession debtoverhang Germany zombie banks ZIRP NIRP negative real interest rate financial repression liquidity trap lost decade generation Supply and Demand recovery greatrecession BRIC MINT Exportweltmeister USA UK flat world secular stagnation stagflation economic history austerity IMF Richard Koo globalization globalisation uncertaintyhttps://pinboard.in/u:asterisk2a/b:4c2549ae3d5e/TLTRO take-up underwhelming - YouTube2014-09-18T19:44:11+00:00
https://www.youtube.com/watch?v=0cxihdImMt0
asterisk2aLTRO TLTRO unconventional monetary policy zombie banks NPL PIGS Europe ECB banking union sovereign debt crisis ZIRP NIRP negative real interest rate liquidity trap transmission mechanism ABS business investment infrastructure creditcrunch creditcrisis confidence cycle GFC recovery Structural Impediments imbalance faultlines lost decade generation global imbalances balance sheet recession distortion incentive deleveraging Richard Koo MarioDraghi stimulus system fiscal austerity economic history animal spirits fear uncertainty trust trustagent IMF divergencehttps://pinboard.in/u:asterisk2a/b:93a120953d04/