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The negative interest rate policy in the euro area and the supply of bank loans

Helicopter money and debt-financed fiscal stimulus: one and the same thing?

Banknotes falling from the sky? Not really a panacea …

The ABC of quantitative easing - Or the basics of asset purchases by central banks

«Why have central banks implemented  asset purchase programmes? How do these programmes exactly work and how do they affect the economy?» Using a Q&A format, this article explains this «new  weapon» of monetary policy

Interactions between monetary and macroprudential policy

The financial crisis has led to the adoption of macroprudential policies – also in Belgium - which do interact with monetary policy. This article deals with the interactions and possible conflicts between these two policy domains. We illustrate this by an assessment of the current situation. Although beneficial for macroeconomic and hence financial stability, the impact on financial risk taking of the unprecedented monetary easing requires close monitoring.

The how and why of a negative rate for the deposit facility