Why has the ECB increased the money base by 100% between 2020 and 2022?

It did not realise it would generate inflation in the Euro area.
0% (0 votes)
In order to pay for the cost of the Covid pandemic, without knowing that there were fairer and more efficient taxes available.
2% (1 vote)
It was the only way to avoid default under the existing circumstances in a majority of Euro area countries.
98% (44 votes)
Total votes: 45
Learning objectives: 
Understanding the concepts of deficit and debt.
Understanding debt sustainability.
Understanding the concept of money base.
Understanding seigniorage or inflation tax, and comparing its effects with those of other taxes.
Understanding direct and indirect debt monetization.
Understanding decision making inside the ECB.
Presentation videos: