We evaluate the effects on asset prices of the ECB asset purchase programme (APP) announced in January 2015 and assess … event- study methodology, reaching the following conclusions: The impact of the APP on asset prices is sizeable albeit the …

Assessing the impact of the Asset Purchase Programme (APP) by the European Central Bank (ECB) on euro area sovereign … market in the second half of 2014. Therefore, to identify the APP for the euro area, we rely upon Bloomberg news on euro area … APP. The econometric results suggest that the impact of APP on euro area long-term sovereign yields is sizeable, albeit …