Italian bond yields.
Take a look, up since Mario started QE. Up at the start, up again a week ago, and up today. Rates paid from Italy, to the ECB, then to Germany as earning; up by .4%; based on Krugmans advice.
Same as in the USA, ten year rates up each time Ben did the QE. Then the whole crew of basket weavers lied about it. Japan? Well Japan did get lower rates, along with deflation. Krugmans grand plan to inflat prices for Japanese consumers only worked with the consumption tax was applied, then he complains! He wants government to raise consumer prices, government did, then he complains.
But anyway, QE has been a complete opposit, and it odd you know. The text on a bond is very specific, rates and principle shall be returned to the buyer, and that is a net flow from the economy to the central bank, less money. Oh, these boneheads say, the consumers and investors can be fooled with the expectations thing. I have news, these rates and prices come from spreadsheets, they are computed prior to any expectations taking hold.
AGain, this science needs to be moved into the math department, and the good economists can join in, when we find them.
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