At the Bank of Italy we have been developing a programme of financial education for school teachers (coordinated with the Ministry of Education) since 2008. During the academic year 2014–15 it involved approximately 2.800 classes and 63.000 students. They seem to be effective in improving students’ familiarity with money and alternative payment systems (Romagnoli and Trifilidis, 2013).
My assessment is that the QQE has been exerting its intended effects so far. Positive changes have started to be observed in the asset markets and households’ and firms’ behavioral patterns. The Bank will continue with the QQE, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner.