WP 2015/10: L’organetto di Draghi: quattro lezioni critiche sulle misure non convenzionali della ECB sino al Quantitative Easing

Sergio Cesaratto 27 October 2015

The primary purpose of these lectures is didactic. They show the development of the ECB intervention from 2008 to 2015 taking the evolution of the consolidated balance sheet of the Eurosystem as reference point. They endorse the theory of endogenous money as theoretical landmark.

Authors
Sergio Cesaratto Università degli Studi di Siena
Keywords
Eurosystem, Euro, European Central Bank, Balance Sheet, Endogenous, Money, Quantitative Easing, Monetary Policy, TARGET 2, Long Term Refinancing, Operation, Outright Monetary Transactions
JEL Codes
E40, E50, F33, F36, F45
Download publication

Share

Related