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Low interest rates: Is the ECB’s policy correct? Bertelsmann Stiftung EUROPA Briefing 2017

Ständer, Philipp (2017) Low interest rates: Is the ECB’s policy correct? Bertelsmann Stiftung EUROPA Briefing 2017. [Policy Paper]

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    Abstract

    Since 2013, inflation in the euro area has been too low. In order to revive the economy and bring inflation back to target, the European Central Bank has implemented a low interest-rate policy which includes a bond-buying programme known as quantitative easing or QE. The ECB’s measures, including historically ultra-low interest rates, also bear risks. For example, some observers fear the formation of a bubble in real estate and stock markets or complain about one-sided capital gains for wealthy households

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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 > Bertelsmann Stiftung/Foundation (Gutersloh, Germany) > Europa Briefing​
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 27 Feb 2020 13:34
    Number of Pages: 5
    Last Modified: 27 Feb 2020 13:50
    URI: http://aei.pitt.edu/id/eprint/102539

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