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He will be stuck in Frankfurt handling the ECB's meeting on Thursday, where a big quantitative easing (QE) programme could be announced.
Critics include Mr. Bogle — who helped create the original index fund — Mr. Malkiel, Mr. Perold (who is a Vanguard director), and Clifford Asness, the co-founder of AQR, a big quantitative hedge fund.
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The clearest way in which the ECB can show that it means business would be to announce a big quantitative-easing programme when its governing council meets on January 22nd.
Ikos, a big European quantitative hedge fund, has been shaken by domestic melodrama.
"From my perspective, the cost-benefit analysis would suggest that it wouldn't be a good idea to do a big, massive quantitative easing because the gains are quite small in terms of the impact on interest rates," he said.
The overall lack of progress has occurred even though interest rates are pinned to the floor and despite the stimulus from big quantitative easing programmes in Britain and America.This suggests that something more fundamental has gone wrong than the usual down-phase of the business cycle.
"The opinion removes another inconvenient obstacle to [ECB president Mario] Draghi's big quantitative easing gamble, which will now almost certainly be announced next week.
The European Central Bank announced a big programme of quantitative easing.
AFTER months of debate, having exhausted all the alternatives, the European Central Bank (ECB) announced on January 22nd that it was finally introducing a big programme of quantitative easing.
The ECB is expected to embark upon a big programme of quantitative easing, the creation of money to buy financial assets.
AS 2014 drew to a close, the European Central Bank (ECB) signalled an increasing readiness to pursue a big programme of quantitative easing (QE creating money to buy financial assets—in order to lift worryingly low inflation.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com