The effects of the ECB’s expanded asset purchase programme

This paper provides empirical evidence on the financial and macroeconomic impact of the news associated to the announcement launching the ECB’s expanded asset purchase programme (APP). We proxy the APP announcement shock with an announcement variable derived from the institutional features of the AP...

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Veröffentlicht in:	European economic review 2020-11, Vol.130, p.103573, Article 103573
Hauptverfasser:	Gambetti, Luca, Musso, Alberto
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Asset Purchase Programme Central banks ECB Euro Area Interest rates Monetary policy Money Quantitative Easing Shock Time-varying VAR
Online-Zugang:	Volltext
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