Alvaro Contreras

Autores: Carlos Contreras y Álvaro Contreras

In this article we question whether the Public Sector Purchase Programme (PSPP) carried out by the European Central Bank (ECB) generates short-run market anomalies in European sovereign-linked credit and bond markets. On 12 September 2019, the Governing Council of the ECB decided to restart net purchases under its asset purchase programme (APP) at a monthly pace of €20 billion as from 1 November.