Monetary policy measures in the euro area and their effects, since 2014

.

Quarterly selection of articles - Bulletin de la Banque de France, 2016, issue 42, 5-23

Abstract: In the face of the challenges that threatened the price stability objective, in the summer of 2014, the Eurosystem embarked on a new, unprecedented, phase of monetary accomodation, marked notably by massive purchases of securities and negative policy rates. Through their effect on expectations and asset prices, these measures improved financial conditions and helped to support inflation and growth expectations.

Keywords: monetary policy; Eurosystem; APP (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://publications.banque-france.fr/sites/defaul ... 16-summer.pdf#page=5 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2016:42:01

Access Statistics for this article

More articles in Quarterly selection of articles - Bulletin de la Banque de France from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().