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Economy and Finance

An event-study analysis of ECB balance sheet policies since October 2008

Details

Identification
Economic Brief 1
Publication date
24 July 2015 (Last updated on: 24 July 2015)
Author
Directorate-General for Economic and Financial Affairs
Related department
Directorate-General for Economic and Financial Affairs

Description

An event-study analysis of ECB balance sheet policies since October 2008

Description

Since the financial and economic crisis, many leading central banks have had to turn to unconventional monetary policies. This paper analyses the immediate impacts on financial conditions of some of the balance sheet policies used by the European Central Bank between October 2008 and January 2015, including its Securities Markets Programme and its Expanded Asset Purchase Programme.

Authors

Lucian Briciu, Giulio Lisi

Information and identifiers

Economic Briefs 1. July 2015. Brussels. PDF. 48pp. Tab. Graph. Free.

KC-BE-15-001-EN-N (online)    
ISBN 978-92-79-48737-8 (online)    
ISSN 2443-8030 (online)    
doi: 10.2765/844347 (online)   

JEL classification: E52, E58, F36, G14, O52

Disclaimer

European Economy Economic Briefs are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs to inform discussion on economic policy and to stimulate debate.
The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.

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An event-study analysis of ECB balance sheet policies since October 2008
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