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Fig. 15 | Applied Network Science

Fig. 15

From: A multiplex financial network approach to policy evaluation: the case of euro area Quantitative Easing

Fig. 15

Household and General Government consumption expenditure; 1999Q1-2017Q2. Time series of the euro area household and general government consumption expenditure, over the reference period 1999Q1-2017Q2. The vertical line corresponds to the beginning of the first purchase programme (3rd Covered Bond Purchase Programme, CBPP3) included in the APP, started in 2014Q4, while the percentages on the right-hand side of the graph correspond to our estimate of the growth rate of euro area household and general government consumption expenditure, since the initiation of QE. Data source: (European Central Bank 2017b)

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