Ricardo Reis's picture
London School of Economics
AW Phillips Professor of Economics

Voting history

ECB's quantitative easing


Question 1:

Do you agree that the design of the ECB's QE programme reduces its effectiveness? 


Neither agree nor disagree
Confidence level:
Not confident
While there is compelling evidence that QE has been effective in the recent crisis at reducing interest rates, the channels through which it operated are still being figured out. There is exciting research on the topic, but still not a definite conclusion. Therefore, concluding whether the particular approach taken by the ECB will improve or hurt that effectiveness is not something that I think we can confidently answer.