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Kiel Institute for the World Economy advises European Parliament

As of now the Kiel Institute for the World Economy advises the European Parliament on issues related to monetary and economic policy. In particular the Kiel Institute will prepare surveys on current issues of currency and monetary policies in the Euro Area in order to brace the European Parliament for regular discussions with the European Central Bank (EZB).

The Kiel Institute won the bit following a formal tendering procedure of the European Parliament. “Sound money is a key success factor for prosperity and economic stability. We understand that being invited to introduce our monetary and currency policy expertise into the debate among European institutions is a great recognition of our efforts in this field”, explains Prof. Dr. Stefan Kooths, head of the Kiel Institute’s forecasting center.

To kick off the Kiel Institute has presented an analysis which compares experiences with applying “Quantitative Easing” in the United States, Japan and the United Kingdom and draws conclusions with respect to the Euro Area. Basically, experiences in these countries hint to the fact that presently quantitative easing will unfold only marginal effects if any in the Euro Area. While at the same time the risks associated with this policy are conceived to be considerable.

For a full reading of the analysis „Quantitative Easing” please visit:
http://www.europarl.europa.eu/committees/en/econ/monetary-dialogue.html

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