Publication
19 Jan 2015
This commentary contends that the European Central Bank (ECB) should undertake an aggressive program of quantitative easing to try and reach its target of inflation below but close to 2 per cent in the eurozone. The author also examines the challenges of launching such a program, including those related to purchases of long-term securities as well as how to spread the risks that would result from the ECB purchasing sovereign debt across the eurozone.
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English (PDF, 3 pages, 117 KB) |
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Author | Stefano Micossi |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2015 Centre for European Policy Studies (CEPS) |