To QE or not to QE? New perspectives of an unconventional way of Eurozone revival after Brexit

Emmanouil-Marios-Lazaros Economou () and Nikolaos Kyriazis

MPRA Paper from University Library of Munich, Germany

Abstract: In the aftermath of the UK referendum on 23 June, 2016 that resulted in a sonorous negative decision regarding the willingness of the British people to remain in the EU, a significant number of alarming questions have emerged. Although Europe should have forged in crises, nowadays, many compromises have to be made in order to maintain the European construction as intact as possible. The question we attempt to answer is whether a new phase of unconventional monetary policy in the form of QE would be appropriate to lessen the threat of an upcoming crisis. This is why we examine Eurozone QE perspectives through the prism of the new without the UK era of the EU in order to highlight the pros and cons of the historical Brexit decision. As new rounds of unconventional monetary policy are believed to be essential for supporting the weaker countries in the European south, perspectives of non-conventional success could alter and optimal policies be substantially reformulated subject to the newly-arising constraints.

Keywords: Brexit; European Union; Quantitative Easing; Eurozone (search for similar items in EconPapers)
JEL-codes: E02 E51 E52 E58 G2 H1 (search for similar items in EconPapers)
Date: 2016-09-21
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76435

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