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  <titleInfo>
    <title>Borrowing Time</title>
    <subTitle>The ECB’s Pandemic Emergency Purchase Programme</subTitle>
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    <namePart>Goldmann, Matthias</namePart>
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    <dateIssued encoding="marc">2020</dateIssued>
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    <publisher>Verfassungsblog</publisher>
    <dateIssued>2020-03-27</dateIssued>
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  <abstract displayLabel="Summary">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.</abstract>
  <accessCondition type="use and reproduction">CC BY-NC-ND 4.0</accessCondition>
  <note type="statement of responsibility">Goldmann, Matthias</note>
  <note type="funding">funded by the government</note>
  <subject>
    <topic>Coronavirus</topic>
  </subject>
  <subject>
    <topic>ECB</topic>
  </subject>
  <subject>
    <topic>monetary policy</topic>
  </subject>
  <subject>
    <topic>PPEP</topic>
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  <classification authority="ddc" edition="23">342</classification>
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    <identifier type="issn">2366-7044</identifier>
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  <identifier type="doi">10.17176/20200328-002904-0</identifier>
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