Eight months have passed since the ECB started its own quantitative easing (QE) program, and almost everyone in Europe seems to agree with Mario Draghi that ‘QE has been a success’. But is such enthusiasm warranted? Let’s take a look at the data.
A coalition of eurozone campaigners, civil society organisations and economists is today calling on the European Central Bank (ECB) to radically change its approach to the current Quantitative Easing (QE) programme.
Translation of the original German article on helicopter money by Michaël Malquarti, senior vice-president at Geneva-based SYZ Asset Management, published in German in the Neue Zürcher Zeitung on 16th of February 2015. An abbreviated version of the article was published in French in the Le Temps.
Legal research should be conducted to check whether ‘helicopter money’ would be legally feasible in the Eurozone, said the President of the European Central Bank addressing a question from a Member of the European Parliament.)
It is time for the European Central Bank and eurozone central banks to bypass the financial system and inject newly created money directly into the real economy, reads a letter in Financial Times, 26th March 2015, signed by 19 prominent economists.