The Expanded Asset Purchase Programme – What, Why and How of Euro Area QE

Peter Dunne, Mary Everett () and Rebecca Stuart

Quarterly Bulletin Articles, 2015, 61-71

Abstract: This article explains the what, why and how of the ECB’s expanded asset purchase programme, commonly referred to as ‘Quantitative Easing’. The scope and scale of this purchase programme is unparalleled in the euro area and it is expected to have a large effect on the euro area economy. This article discusses the details of the programme, the reasons it was introduced, and the various channels through which it is expected to affect the real economy.

Date: 2015-07
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