ECB Paper Gives Lessons on Improving QE as Draghi Orders Review

  • Researchers say program works best with clear communication
  • Macroeconomic benefits higher with longer-duration assets

Mario Draghi Talks Down ECB Asset-Buying Plans

European Central Bank researchers have assessed the institution’s 1.7 trillion-euro ($1.9 trillion) bond-buying program and come up with “a few lessons” for policy makers.

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