Les politiques monétaires non conventionnelles de la BCE (2/2) - Explique-moi l'économie - Numéro 12

This episode of Explain the Economy to Me presents the unconventional monetary policy measures implemented by the ECB. It outlines the various asset purchase programs conducted by the ECB, including the program launched in 2015, and the results of these policies. Episode Outline: 00:00 Introduction 00:43 I - The Different Programs Implemented by the ECB 1) Bank Purchase Programs for Private Sector Securities 03:28 2) Secondary Market Purchase Programs for Public Debt 06:48 3) Private Sector Bond Purchase Program 07:28 4) Extended Securities Purchase Program 09:41 II - The Results of These Policies 1) Growth, Inflation, and Lending 12:26 2) The Risks of Unconventional Policies 13:43 3) Exiting Unconventional Policies Subscribe to Explain Economics: https://www.youtube.com/c/Expliquemoi... You can also find us on the Explain Economics website: https://www.expliquemoileconomie.com/ On Facebook:   / expliquemoileconomie   And on Instagram:   / expliquemoileconomie