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.

Download English (PDF, 12 pages, 179 KB)
Author Diego Valiente
Series CEPS Policy Briefs
Issue 251
Publisher Centre for European Policy Studies (CEPS)
Copyright © 2011 Centre for European Policy Studies (CEPS)
JavaScript has been disabled in your browser