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Quantitative Easing in the Eurozone: a One-Year Assessment

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  • Frank van Lerven

    (Positive Money)

Abstract

By pumping trillions of euros into the eurozone’s financial system, the ECB’s quantitative easing programme intends to indirectly alter the private sector’s borrowing and spending behaviour. After more than a year since its initial inception, a review of the programme’s impact reveals that policy makers should think twice before further expanding the programme–and could benefit from considering more direct ways of increasing spending in the real economy.

Suggested Citation

  • Frank van Lerven, 2016. "Quantitative Easing in the Eurozone: a One-Year Assessment," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 51(4), pages 237-242, July.
    • Handle: RePEc:spr:intere:v:51:y:2016:i:4:d:10.1007_s10272-016-0608-9
    DOI: 10.1007/s10272-016-0608-9
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    Cited by:

    1. Nikolaos A. Kyriazis & Emmanouil M. L. Economou, 2017. "Helicopter Money: The New Form of Monetary Easing in the Eurozone?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(3), pages 38-48, March.

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