Birdwatch Note Rating
2024-02-23 07:07:39 UTC - HELPFUL
Rated by Participant: 585E3FAC3B81A99237D5E17B318A9E830081A06FADE5775EB7AA94320FA72F4F
Participant Details
Original Note:
It's extremely hard to quantify and objectively assess the harm caused by ECB's expansionary monetary policy that is the main driver of euro's debasement and CPI inflation. €1 euro in 2000 is €1.68 euros today. https://www.in2013dollars.com/europe/inflation/2000 CBs losses cannot be maintained indefinitely. https://cepr.org/voxeu/columns/buiters-warning-who-recapitaliser-last-resort-ecb https://blog.rangvid.com/2023/07/09/ecb-earned-exactly-zero-0-euros-in-2022-a-surprising-coincidence-or-a-sign-that-central-bank-losses-matter/ https://www.omfif.org/2023/05/uncomfortable-contradiction-of-ecb-policies/ https://www.reuters.com/markets/europe/why-huge-european-central-bank-losses-matter-2024-02-22/ https://www.elibrary.imf.org/downloadpdf/journals/001/2023/145/001.2023.issue-145-en.pdf https://www.omfif.org/2023/08/euro-area-central-bank-losses-increase-complications-for-monetary-policy/
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