On January 22, 2015, the European Central Bank announced a new QE program. In this audioblog, I attempt to decode what was done and the risks that it involves.

1. What is QE?

Campbell Harvey: (MP3)

2. What is the significance of the ECB’s QE announcement yesterday?

Campbell Harvey: (MP3)

3. How does the ECB’s action differ from the Fed’s?

Campbell Harvey: (MP3)

4. Will the ECB’s action’s have any impact?

Professor Harvey: (MP3)

5. Who benefits the most in the Eurozone?

Campbell Harvey: ( MP3)

6. Are there risks to the ECB’s actions?

Campbell Harvey: ( MP3)