Template-Type: ReDIF-Paper 1.0 Title: The effectiveness of the European Central Bank’s Asset Purchase Programme Handle: RePEc:bre:polcon:15276 Author-Name: Guntram B. Wolff Author-Name: Maria Demertzis Abstract: Since the end of 2014, inflation has been at or very close to zero. With very little ability to move the actual interest rate further into negative te Creation-Date: 2016-06 File-URL: https://phpstack-765020-2596826.cloudwaysapps.com/sites/default/files/wp_attachments/pc_2016_10-1.pdf File-Format: Application/pdf