HALISTER1: Harvard’s Rogoff Says Negative Rates ‘Necessary’: Handelsblatt

Harvard’s Rogoff Says Negative Rates ‘Necessary’: Handelsblatt

(Bloomberg) -- Negative rates “currently necessary” as demand for credit collapsed, Kenneth Rogoff tells Handelsblatt in itvw.
  • Inflation is so low because people are pessimistic
  • “Helicopter money” cannot fight deflation sustainably
  • Issuing bank notes above EU10 should be discontinued over period of 10-15 years as cash mostly benefits terrorist and money laundering
  • NOTE: Instead of Great Divergence, Central Banks Are Converging Again
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Kenneth Rogoff (President and Fellows of Harvard College)

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