Quantitative Easing in the Eurozone: a One-Year Assessment

This Intereconomics article is available for free at this page after an embargo period of two years. Reading it before then is possible via SpringerLink.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.

Intereconomics: Archive http://archive.intereconomics.eu/years/

SpringerLink: Intereconomics http://link.springer.com/journal/10272

ESO: Background information: In Draghi we trust: How unorthodox monetary policy weakened the anti-austerity movement in Europe http://www.europeansources.info/record/in-draghi-we-trust-how-unorthodox-monetary-policy-weakened-the-anti-austerity-movement-in-europe/

ESO: Find all further information in ESO on this topic http://www.europeansources.info/advSearchLink?keyword=quantitative%20easing%20&searchOption=all

---