TY - JOUR A1 - Goldmann, Matthias T1 - Borrowing time : the ECB’s pandemic emergency purchase programme T2 - Verfassungsblog N2 - When Christine Lagarde announced her first, moderate rescue package, she called upon member states to provide fiscal aid. But the markets showed to have lost confidence in fiscal policy. In the absence of strong monetary policy signals, the slide continued until Lagarde in her second attempt opened the floodgates. KW - Coronavirus KW - ECB KW - monetary policy KW - PPEP Y1 - 2020 UR - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/54976 UR - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-549762 N1 - LICENSED UNDER CC BY NC ND IS - 2020/3/27 SP - 1 EP - 5 PB - Verfassungsblog.de CY - Berlin ER -