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The PSPP Government Bond Program – Empirical Data and Regulations Partially Question the Federal Constitutional Court’s Decision

Author

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  • Arne Hansen
  • Dirk Meyer

Abstract

Arne Hansen and Dirk Meyer, of Helmut Schmidt University, University of the Federal Armed Forces Hamburg, analyze the government bond purchases under the PSPP program against the background of the ruling of Germany’s Federal Constitutional Court on May 5, 2020.

Suggested Citation

  • Arne Hansen & Dirk Meyer, 2020. "The PSPP Government Bond Program – Empirical Data and Regulations Partially Question the Federal Constitutional Court’s Decision," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(10), pages 37-46, October.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:10:p:37-46
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    File URL: https://www.ifo.de/DocDL/sd-2020-10-hansen-meyer-ewua-pspp-bverfg-kriterien.pdf
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    References listed on IDEAS

    as
    1. Seidel, Martin, 2012. "Austritt aus der Währungsunion: Eine freie Entscheidung Griechenlands," ZEI Working Papers B 04-2012, University of Bonn, ZEI - Center for European Integration Studies.
    2. Annika Havlik & Friedrich Heinemann, 2020. "Sliding Down the Slippery Slope? Trends in the Rules and Country Allocations of the Eurosystem’s PSPP and PEPP," EconPol Policy Reports 21, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Sinn Hans-Werner, 2019. "Der Streit um die Targetsalden : Kommentar zu Martin Hellwigs Artikel „Target-Falle oder Empörungsfalle?“," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 20(3), pages 170-217, September.
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    Citations

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    Cited by:

    1. Hansen Arne & Meyer Dirk, 2020. "Ein Schuldenerlass als Ende mit Schrecken?: – Das ESZB als Kreditgeber der letzten Instanz für Staaten –," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 69(3), pages 277-307, December.
    2. Arne Hansen & Dirk Meyer, 2021. "EZB-Schuldverschreibungen — neue Verwendung für ein altes Instrument? [ECB Debt Certificates — New Use for an Old Instrument?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(9), pages 732-739, September.

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    More about this item

    Keywords

    Öffentliche Anleihe; Rechtsprechung; Verfassungsgericht; Geldpolitik; Eurozone; EZB;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law

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