Effects and Risks of Unconventional Monetary Policy
Autor: Stefan Homburg
Nummer: 590, Mar 2017, pp. 7
JEL-Class: E51, E52, E58
Abstract:
During and after the Great Recession, the European Central Bank adopted unconventional monetary policies that are more or less uncontroversial in the literature. By contrast, its quantitative easing (QE) program that started in 2015 is highly disputed. The article evaluates the pros and cons of such a policy.
Zusammenfassung:
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