Cè questo studio del CESifo [cesifo-group.de/portal/pls/portal/docs/1/1211348.PDF] sulleffettività del programma Outright Monetary Transaction (OMT) della BCE che al termine propone questa canzone dedicata a Mario Draghi, da cantare sotto la musica di questa canzone. Nice try, ma io preferisco sinceramente il Saturday Night Music del prof. Bellofiore. −1− Our Mario floods us with liquidity attempts to court our sympathy asks us to do some serious bond buying but we are denying Bazooka, zooka Mario (x2) Yo! Mario! thanks for the liquidity but due to limited financial ability we store everything in the deposit facility Bazooka, zooka Mario (x2) −2− Our Mario gives us the cash to prevent the crash he wants us to extend bank lending to stimulate domestic spending Bazooka, zooka Mario (x2) Yo! Mario! due to frayed nerves we hold all cash in the form of excess reserves we don’t care about stimulation we keep on the economic strangulation Bazooka, zooka Mario (x2) −3− Our Mario recognized our denial to provide sovereign liquidity transfusion launched the OMT program to create the illusion that monetary policy stands ready to solve all things now we rely on Mario and see what it brings Bazooka, zooka Mario (x2) Yo! Mario! anyway we refuse to reduce lending rates no matter if the economy breaks but we pay low rates on deposits thanks for improving short–run profits Bazooka, zooka Mario (x2) −4− Our Mario would ascend the bankers’ throne by announcing to buy every non–performing loan call this program the ECB’s death star because this one would go so far Bazooka, zooka Mario (x2) Yo! Mario! much better than the bazooka, the death star would allow us to bath daily in Beluga caviar Beluga, luga Mario (x2)
Posted on: Tue, 07 Oct 2014 13:46:48 +0000
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