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Archive » July / August 2017 » Ecb policies and 10 years of liquidity management: the road to Qe exit

Ecb policies and 10 years of liquidity management: the road to Qe exit

Alberto Banfi, Fiorenzo Di Pasquali
July / August 2017 - n. 7/8
Jel codes: G10, E50

Ecb unconventional policies after 2007 have been continuously adapted to changing goals: a deep recession, markets freeze, credit supply, deflationary pressures, with different impacts in the 19 countries. In 2018 the Qe exit strategy must take in account the strenght of the recovery and the inflation rate, with a possible impact on sovereign markets.

 

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