On the 4th September 2014 the European Central Bank (ECB) cut its benchmark interest rate to 0.05%. It will also launch an asset purchase programme, which will buy debt products from banks.

Project description Write an essay not exceeding 2500 words explaining the ECBs decision and analyzing alternative policies. Your essay should include the following: The application of the IS-LM model and the AD-AS model to explain the ECBs decision. The Read More …