Theoretical and Applied Economics
No. 2 / 2023 (635), Summer
An analysis regarding the transition from quantitative easing to quantitative tightening in the Euro Area
Bucharest University of Economic Studies, Romania
Abstract. In the context of accelerating inflation growth in 2021-2022 in the Euro Area, the ECB is considering tightening monetary policy, i.e. moving from a quantitative easing (QE) monetary policy that has been practiced for almost a decade in the Euro Area to a quantitative tightening (QT) monetary policy. This article examines what this transition entails as QE provides an easing of financial conditions on a broader scale by reducing long-term interest rates, while the adoption of QT should have the opposite effect, although not necessarily of the same magnitude, i.e. reducing the size of a central bank's asset balance sheet.
Keywords: monetary policy, quantitative tightening, quantitative easing, Euro Area.
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Contents
- The future of money and the money supply
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
Dana Luiza GRIGORESCU
- Implications of migration policies on reducing
income inequalities and poverty in Europe
Monica BURESCU MIHĂILA
Paula Roxana CUCOȘ
- An analysis regarding
the transition from quantitative easing
to quantitative tightening in the Euro Area
Laura-Mădălina IACOB (PÎRȘCOVEANU)
- Modern leadership in business organisations
during economic disruption
Raluca Iuliana GEORGESCU
- Does the effectiveness of money supply
and foreign direct investment
determine the industrial growth performance in India?
Mrutyunjaya SAHOO
Praveen SAHU
- The effect of poverty and income inequality on CO2 emission
based on Environmental Kuznets Curve analysis:
Empirical evidence from selected developing countries
Yusuf Ekrem AKBAS
Fuat LEBE
- Can renewable energy sources pump the economy
Georgiana Tatiana BONDAC
Alexandru TOMA
- Evolution of growth theory:
from Harrod to Romer
Mrinal SAIKIA
Prakash DAS
Disha NEOG
- Role of information systems for management
in multispeciality hospitals to improve performance:
A conceptual framework
Navya GANDHAVALLA
Abin GEORGE
- Measuring stock market uncertainty
Prasad Teja DAKEY
- Frequency domain causality analysis
of financial development and economic growth
in Côte d’Ivoire
Brou Emmanuel AKA
Yao Silvère KONAN
- Theoretical framework
to introduce rainfall index-based futures contracts in India
Dileep N
G. KOTRESHWAR
- Quest of dynamic linkages
between monetary factors and food inflation in India
Amritkant MISHRA
Ajit Kumar DASH
Amba AGARWAL
- An enquiry into extreme price movements
of the cryptocurrencies in the backdrop of COVID-19
Suvvari ANANDARAO
Balaga Mohana RAO
Anoop S KUMAR
- Effect of inflation on the growth and development
of the Pakistan economy: An empirical analysis
Tom JACOB
Raphael RINCY
V.S. AJINA
