As Draghi attempts to deliver on his nearly two-and-a-half-year-old commitment, the limits of his promise – like comparable assurances by the Fed and the BOJ – could become glaringly apparent. Like lemmings at the cliff’s edge, central banks seem steeped in denial of the risks they face.
在量化宽松时期，货币政策撕去了纪律和连贯性的伪装。随着德拉吉尝试兑现他在近两年半前许下的承诺，该承诺的界限——如美联储和日本银行的可以比较的保证——可以变得更加明确。中央银行就像是悬崖边的负鼠，完全无视它们面临的风险。