The European Conservatives and Reformists (ECR) group in the European Parliament recently launched “Leer Geld”, an initiative led by MEP Sander Loones, to raise awareness about the effects of the monetary policy conducted by the European Central Bank (ECB).
The initiative is to be welcomed: monetary policy is too often overlooked by civil society, yet its impact on our lives has never been greater. Under its “quantitative easing” programme (QE), the ECB has been buying large quantities of government bonds since 2015. Surely injecting the equivalent of 20 percent of GDP into the eurozone finance sector cannot be without consequences. (continue)
You can read the full article written by me and Eric Lonergan at EUobserver.
2 thoughts on “ECB should give money directly to citizens”
I am doing a graduation thesis on the monetary policy of the ECB. I want to speek about helicopter money.
When you say “the 1.3 percent GDP increase that the ECB claims it has produced through QE”, i can’t find the source of this quote on the ECB’s website.
I want to use it, but my professor will need the original source of this quote. Could you tell me where you find it?
Student in Master 2 in economic and social policy, UCL, Belgium.
The number of 1.3% additional growth as a result of QE/APP comes from a press conference by ECB President Mario Draghi: https://www.ecb.europa.eu/press/pressconf/2016/html/is161208.en.html