Gros, D., (2015), “The QE Placebo”, Project Syndicate, 9 Ιουνίου.
BRUSSELS – It has now been nearly half a year since the European Central Bank declared its intention to buy some €1.1 trillion ($1.3 trillion) worth of eurozone bonds. When it first announced the so-called “extended asset-purchase program” in January, the ECB emphasized that it was only expanding an existing program, under which it had been buying modest quantities of private-sector bonds, to cover government paper. But this pretense of continuity was just that: a pretense.
Σχετικές Αναρτήσεις
- Miscossi, St., (2015),“The Monetary Policy of the European Central Bank (2002-2015)”, CEPS Special Report, 22 Μαΐου
- Frankel, J. (2014) “The ECB Should Do QE, Mario? Buy US Bonds, Not Eurobonds“, Άρθρο Γνώμης, VoxEU Organisation, 24 Μαρτίου.
- Wolff, Β. G., Fratzscher, M. & Hüther, M. (2015) “The ECB’s bond-purchase dilemma – German opposition to government-bond purchases by the European Central Bank is solidifying ahead of the programme’s likely announcement“, Bruegel Institute, 21 Ιανουαρίου.