IDEAS home Printed from https://ideas.repec.org/a/bpj/pewipo/v21y2020i3p273-279n4.html
   My bibliography  Save this article

Die geldpolitischen Maßnahmen des Eurosystems in der Corona-Krise

Author

Listed:
  • Neyer Ulrike

    (Heinrich-Heine-Universität Düsseldorf, Wirtschaftswissenschaftliche Fakultät, Universitätsstraße 1, 40225DüsseldorfGermany)

Abstract

Die Corona-Pandemie beeinträchtigt die Wirtschaft im Euroraum massiv. Sowohl das gesamtwirtschaftliche Angebot als auch die gesamtwirtschaftliche Nachfrage sinken rapide in einem erheblichen Umfang. Die traditionelle Rolle der Geldpolitik, die Stabilisierung der gesamtwirtschaftlichen Nachfrage, spielt in der Corona-Krise trotzdem eine untergeordnete Rolle. Die Zentralbank kann jedoch verhindern, dass die Krise in der Realwirtschaft auf den Finanzsektor überspringt. Die EZB hat zwei Maßnahmenpakete beschlossen. Diese stellen die Liquiditätsausstattung des Bankensektors sicher und reduzieren eine mögliche Dysfunktionalität einzelner Finanzmarktsegmente. Insbesondere das Pandemic Emergency Purchase Programme (PEPP) ist jedoch unter dem Aspekt seiner demokratischen Legitimation auch kritisch zu sehen.

Suggested Citation

  • Neyer Ulrike, 2020. "Die geldpolitischen Maßnahmen des Eurosystems in der Corona-Krise," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 21(3), pages 273-279, September.
    • Handle: RePEc:bpj:pewipo:v:21:y:2020:i:3:p:273-279:n:4
    DOI: 10.1515/pwp-2020-0022
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/pwp-2020-0022
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/pwp-2020-0022?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    E42; E52; E58; Corona-Virus; Corona-Krise; Geldpolitik; EZB;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:pewipo:v:21:y:2020:i:3:p:273-279:n:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.