nam 22 uu 4500 10.17176/20200328-002904-0 DE-Verfassungsblog cr||||| 200327s2020||||xx#|||||o|||| ||| 0|eng|| 10.17176/20200328-002904-0 doi eng 342 23 Goldmann, Matthias Author aut Borrowing Time The ECB’s Pandemic Emergency Purchase Programme Goldmann, Matthias Verfassungsblog 2020-03-27 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier 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. funded by the government CC BY-NC-ND 4.0 Coronavirus ECB monetary policy PPEP Max Steinbeis Verfassungsblog gGmbH Verfassungsblog 2366-7044 https://staging.verfassungsblog.de/borrowing-time/ raw object