Announcement of PEPP on 18 March 2020 led to clear reduction in yields on long-term government bonds but not in risk-free long rates Published on 12.10.2021 International economy Monetary policy Jaakko Nelimarkka Olli-Matti Laine Read more in article: Monetary policy measures taken during pandemic revived euro area economy Share article Save image Original (PNG) JPG Add to download list Remove from download list