Quantitative Easing in the Eurozone: a One-Year Assessment


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.

This is a preview of subscription content, log in to check access.

Author information



Corresponding author

Correspondence to Frank van Lerven.

Rights and permissions

Reprints and Permissions

About this article

Verify currency and authenticity via CrossMark

Cite this article

van Lerven, F. Quantitative Easing in the Eurozone: a One-Year Assessment. Intereconomics 51, 237–242 (2016). https://doi.org/10.1007/s10272-016-0608-9

Download citation