Publication
Aug 2011
This paper argues for a more organized intervention by the ECB to stop contagion through the creation of a quantitative easing program, coupled with a political agreement among member states on a more federalist budget for the Eurozone. The author analyzes the reasons why the ECB should start a quantitative easing program to contain government bond yields, and shows that it can be done with limited impact on inflation targeting policies.
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English (PDF, 12 pages, 179 KB) |
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Author | Diego Valiente |
Series | CEPS Policy Briefs |
Issue | 251 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2011 Centre for European Policy Studies (CEPS) |