Effects and risks of unconventional monetary policy

Homburg, Stefan

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Research . 2017

Data sources: EconStor

EconStor

Article . 2017

Data sources: EconStor

Effects and risks of unconventional monetary policy

descriptionPublicationkeyboard_double_arrow_right Research , Article 01 Jan 2017 English Publisher:Hannover: Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät

Authors: Homburg, Stefan;

handle: 10419/172844 , 10419/167299

Effects and risks of unconventional monetary policy

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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.

Keywords

Geldpolitik, ddc:330, excess reserves, Quantitative easing, Zentralbank, money multiplier, European Central Bank, Risiko, Eurozone, E58, E51, E52

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