Demertzis, Maria and Wolff, Guntram B. (2016) The effectiveness of the European Central Bank’s Asset Purchase Programme. Bruegel Policy Contribution Issue 2016/10 June 2016. [Policy Paper]
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Official URL: http://bruegel.org/2016/06/the-effectiveness-of-th...
Abstract
Since the end of 2014, inflation has been at or very close to zero. With very little ability to move the actual interest rate further into negative territory, the ECB has resorted to unconventional measures. The latest of these includes a programme to purchase corporate bonds, which started on 8 June 2016.
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| Item Type: | Policy Paper |
|---|---|
| Subjects for non-EU documents: | EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Bruegel (Brussels) > Policy Contributions |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 29 Jun 2016 12:25 |
| Number of Pages: | 16 |
| Last Modified: | 12 Feb 2018 11:26 |
| URI: | http://aei.pitt.edu/id/eprint/76649 |
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