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Monetary Policy and Public Investment. CEPS Commentary, 14 January 2016

De Grauwe, Paul. (2016) Monetary Policy and Public Investment. CEPS Commentary, 14 January 2016. [Policy Paper]

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    Abstract

    Since the start of 2015, the ECB has been applying quantitative easing (QE), i.e. a programme in which large amounts of money are injected in the economy. Every month the ECB buys €60 billion of government bonds and in so doing injects the same amount of money in the economy. To date, the total amount of liquidity injection approaches €700 billion. On 3 December 2015, the ECB announced that this programme would be continued until February 2017. As a result, the cumulative amount of bond purchases will then reach €1.56 trillion.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 15 Jan 2016 14:00
    Number of Pages: 3
    Last Modified: 15 Jan 2016 14:00
    URI: http://aei.pitt.edu/id/eprint/70875

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