caa a22 4500 606237364 CHVBK 20210128101252.0 cr unu---uuuuu 210128e20150701xx s 000 0 eng 10.1007/s10272-015-0543-1 doi (NATIONALLICENCE)springer-10.1007/s10272-015-0543-1 Quantitative Easing in the Euro Area: Transmission Channels and Risks [Elektronische Daten] [Klaus-Jürgen Gern, Nils Jannsen, Stefan Kooths, Maik Wolters] The ECB's recently launched Expanded Asset Purchasing Programme is similar to the quantitative easing programmes undertaken by the US Federal Reserve, the Bank of England and the Bank of Japan. While theory suggests that quantitative easing can stimulate economic growth and spur inflation via several transmission channels, the empirical evidence is ambiguous and does not support strong stimulating effects, in particular for the current situation in the euro area. In addition, there are various risks and unintended consequences that may materialise in the medium or long run. ZBW and Springer-Verlag Berlin Heidelberg, 2015 Gern Klaus-Jürgen Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut Jannsen Nils Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut Kooths Stefan Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut Wolters Maik Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut Intereconomics Springer Berlin Heidelberg 50/4(2015-07-01), 206-212 0020-5346 50:4<206 2015 50 10272 https://doi.org/10.1007/s10272-015-0543-1 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10272-015-0543-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Gern Klaus-Jürgen Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut NATIONALLICENCE 700 1- Jannsen Nils Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut NATIONALLICENCE 700 1- Kooths Stefan Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut NATIONALLICENCE 700 1- Wolters Maik Kiel Institute for the World Economy (IfW), Kiellinie 66, 24105, Berlin, Germany aut NATIONALLICENCE 773 0- Intereconomics Springer Berlin Heidelberg 50/4(2015-07-01), 206-212 0020-5346 50:4<206 2015 50 10272