We examine the effects of the Asset Purchase Programme (APP) gradually introduced by the European Central Bank from … September 2014 onwards. Studying the short-term reaction of financial markets after APP press releases, we analyse the … declining degree to which the ECB surprised markets and the increasingly burdensome institutional set-up of the APP. While yield …

We examine the effects of the Asset Purchase Programme (APP) gradually introduced by the European Central Bank from … September 2014 onwards. Studying the short-term reaction of financial markets after APP press releases, we analyse the … declining degree to which the ECB surprised markets and the increasingly burdensome institutional set-up of the APP. Moreover …