European Central Bank ↔ economic growth

Relations (1)

cross_type 2.00 — strongly supporting 3 facts

The European Central Bank influences economic growth through its monetary policy decisions [1], [2], and by implementing large-scale securities purchase programs designed to support price stability and expansion [3].

Facts (3)

Sources

The impact of monetary policy on income and wealth inequality cepr.org VoxEU 3 facts

claimThe European Central Bank introduced large-scale securities purchase programs following the 2008–2013 financial and debt crisis, and continued these programs during the COVID-19 crisis, to support price stability and economic growth.

claimWhile the European Central Bank's accommodative monetary policy has had a significant impact on economic growth in the euro area, the resulting changes in income and wealth disparities have been small on average.

referenceThe effects of the European Central Bank's monetary policy on economic growth and inflation in Finland are similar to those reported for large euro area member states by Lenza and Slacalek (2021).