, Volume 51, Issue 4, pp 237–242

Quantitative Easing in the Eurozone: a One-Year Assessment

Monetary Policy

DOI: 10.1007/s10272-016-0608-9

Cite this article as:
van Lerven, F. Intereconomics (2016) 51: 237. doi:10.1007/s10272-016-0608-9


By pumping trillions of euros into the eurozone’s financial system, the ECB’s quantitative easing programme intends to indirectly alter the private sector’s borrowing and spending behaviour. After more than a year since its initial inception, a review of the programme’s impact reveals that policy makers should think twice before further expanding the programme–and could benefit from considering more direct ways of increasing spending in the real economy.

Copyright information

© ZBW and Springer-Verlag Berlin Heidelberg 2016

Authors and Affiliations

  1. 1.212 Davina HousePositive MoneyLondonUK

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