Jay! I received favourable press from the Financial Times
Martin Sandbu of the Financial Times wrote very kind words about my blog. I was chuffed indeed. Very motivating too!
Super interesting question ! Also depends on how buybacks are funded! Acharya/Plantin show that lose monetary policy makes financial activities such as buybacks more attractive than investments even if they have positive npv; we have consistent evidence from ECB’s CSPP program https://t.co/5A4edXpAfI