Pandemic Emergency Purchase Programme - the Core ECB's Response to the COVID 19 Pandemic
| Authors | |
|---|---|
| Year of publication | 2021 |
| Type | Article in Periodical |
| Magazine / Source | ??????? ?????????? ????????????, Vestnik Moskovskogo universiteta |
| MU Faculty or unit | |
| Citation | |
| Web | Repozitář MU |
| Keywords | European Central Bank; European System of Central Banks; Eurosystem; Monetary Policy; Covid 19; Pandemic; Pandemic Emergency Purchase Programme; Asset Purchase Programme; Unconventional Monetary Policy Tools |
| Attached files | |
| Description | Pandemic Emergency Purchase Programme (PEPP) was one of the responses introduced by the ECB as an immediate reaction to the Covid 19 pandemic in March 2021. The original concept has been extended over the year, mainly its initial envelope of €750 billion was gradually increased to €1.850, its original length was also adjusted. In this paper, the author outlines the core features of PEPP, as a part of rather complex monetary policy measures taken within the Eurosystem. |