Ποσοτική χαλάρωση της ECB σε σχέση με αυτή της FED : ομοιότητες, διαφορές και αποτελεσματικότητα
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Keywords
Οικονομική κρίση ; Ποσοτική χαλάρωση ; Κεντρικές Τράπεζες (ΚΤ) ; Νομισματική πολιτική ; Ευρωπαϊκή Κεντρική Τράπεζα ; Οικονομετρικά υποδείγματαAbstract
This thesis aims to present the response to the recent economic crisis on behalf of the two major central banks, the Fed and the ECB (European Central Bank). Specifically, we analyze the policy pursued by each organization and the actions made in order to overcome the problem by strengthening investment activity and whether this led to the recovery of the economy.
We put the question through which channel the unconventional measures of expansive monetary policy pursued, seems to have brought the desired outcome and answer using the results of the empirical analysis. Finally, through the interpretation of econometric models, we aim to demonstrate to what extent each channel was an alternative path to reach each central bank at the purpose of the recovery of the economy and compare the results both for the US and for Europe.