IDEAS home Printed from https://ideas.repec.org/p/zbw/zewexb/2016.html
   My bibliography  Save this paper

Magnitudes and capital key divergence of the Eurosystem's PSPP/PEPP purchases - Update December 2020

Author

Listed:
  • Havlik, Annika
  • Heinemann, Friedrich

Abstract

Since March 2020, the Eurosystem has been purchasing government bonds under the Pandemic Emergency Purchase Programme (PEPP). The PEPP was set up as a non-standard policy measure to encounter the economic and financial consequences of the Covid-19 pandemic and is an additional program to the ongoing Public Sector Purchase Programme (PSPP). This study updates the quantitative analysis by Havlik and Heinemann (2020) with a focus on the Eurosystem's PSPP and PEPP transactions since the outbreak of the pandemic. With respect to the PSPP/PEPP purchases made between March and September 2020, this expertise assesses the size of purchase flows and stocks, country allocations and their magnitude relative to this year's projected government deficits. Moreover, we assess the speed of purchases in light of the current existing envelopes.

Suggested Citation

  • Havlik, Annika & Heinemann, Friedrich, 2020. "Magnitudes and capital key divergence of the Eurosystem's PSPP/PEPP purchases - Update December 2020," ZEW Expert Briefs 20-16, ZEW - Leibniz Centre for European Economic Research.
    • Handle: RePEc:zbw:zewexb:2016
    Note: Study supported by the Brigitte Strube Foundation
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/271632/1/zew-exp202016.pdf
    Download Restriction: no
    ---><---

    More about this item

    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:zbw:zewexb:2016. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/zemande.html .

    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.