Echarte Fernández, Miguel Ángel; Alonso, Sergio Luis … - In: Risks 10 (2022) 2, pp. 1-17
Central banks have been pursuing an expansionary monetary policy since before the pandemic, although the health and economic crisis of COVID-19 has boosted asset purchase programmes. After the Great Recession, a new phase began, characterised by low interest rates and liquidity injections. These...