Study on the Operational Features of the ECB’s Pandemic Emergency Purchase Programme (PEPP)
Study on the Operational Features of the ECB’s Pandemic Emergency Purchase Programme (PEPP)

Author(s): Silvia Trifonova
Subject(s): Economy, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Pandemic emergency purchase programme (PEPP); European Central Bank (ECB); unconventional monetary policy
Summary/Abstract: The aim of the paper is analyze the key operational characteristics of the unconventional monetary policy programme – the Pandemic emergency purchase programme (PEPP), implemented by European Central Bank (ECB) in response to the coronavirus crisis. The main effects from the PEPP’s implementation during the period March 2020 – April 2022 are also studied in the paper. The research methodology includes theoretical and methodological analysis, comparative study, inductive and deductive approach, descriptive study, empirical analysis and critical analysis. The paper concludes with summarizing the results from the study.

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