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Unintended consequences of the ECB’s quantitative easing programme could undermine Europe’s recovery

Doukas, John (2015) Unintended consequences of the ECB’s quantitative easing programme could undermine Europe’s recovery. LSE European Politics and Policy (EUROPP) Blog (22 Jun 2015). Website.

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Abstract

Earlier this year, the European Central Bank began implementing a quantitative easing (QE) programme. John Doukas writes that while conventional economic thinking would suggest QE should provide short-term benefits to European economies, it may also be having unintended consequences by giving certain sectors of society, particularly those at or near retirement age, less incentive to spend. He argues that the net effect of the policy could be to undermine, rather than help, Europe’s economic recovery.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2015 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 28 Mar 2017 13:36
Last Modified: 03 Jun 2020 23:20
URI: http://eprints.lse.ac.uk/id/eprint/71168

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