Extending Quantitative Easing: Are there Additional Risks for Financial Stability?
Briefing
02-02-2017
Since March 2015, the ECB is engaged in an expanded asset purchase programme of private sector assets and sovereign bonds (so called quantitative easing or QE), which has been recently extended until December 2017, although at a slower pace. The aim of the programme is to ease monetary and financial conditions, making access to finance cheaper for firms and households. This tends to support investment and consumption and, ultimately, contributes to a return of inflation rates towards the ECB target.
Briefing
À propos de ce document
Type de publication
Mot-clé
- Banque centrale européenne
- croissance économique
- FINANCES
- institutions de l'Union européenne et fonction publique européenne
- investissement de l'UE
- investissement et financement
- libre circulation des capitaux
- marché financier
- politique monétaire unique
- promotion des investissements
- relations monétaires
- situation économique
- stabilité financière
- UNION EUROPÉENNE
- zone euro
- ÉCONOMIE
- économie monétaire
- émission monétaire