Artikel
ECB asset purchase programs raise inflation expectations in the Euro area
Facing deflationary threats, the ECB has engaged in several forms of asset purchase programs to fulfill its mandate of maintaining price stability. A main objective of these programs is raising inflation expectations, as these are a main determinant of actual inflation. This study empirically evaluates the effectiveness of these ECB policies in raisinginflation expectations. The results suggest that the ECB announcements of asset purchase programs significantly increased the expected inflation in the euro area, albeit to a quantitatively modest extent. All in all, inflation expectations were raised by 20 to 30 basis points.
- Sprache
-
Englisch
- Erschienen in
-
Journal: DIW Economic Bulletin ; ISSN: 2192-7219 ; Volume: 6 ; Year: 2016 ; Issue: 38 ; Pages: 463-469 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
- Klassifikation
-
Wirtschaft
Monetary Policy
Price Level; Inflation; Deflation
Central Banks and Their Policies
- Thema
-
monetary policy
transmission
euro area
regression analysis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rieth, Malte
Gehrt, Lisa
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
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Objekttyp
- Artikel
Beteiligte
- Rieth, Malte
- Gehrt, Lisa
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2016
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