The ECB's Fiscal Policy

Hans-Werner Sinn

No 7019, CESifo Working Paper Series from CESifo

Abstract: While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarises the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also outlines ongoing competitiveness problems in southern Europe, discusses the so-called austerity policy of the Troika, comments on QE and presents two alternative paths for the future development of Europe.

JEL-codes: E02 E50 E52 E58 H50 H60 H63 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The ECB’s fiscal policy (2018)
Working Paper: The ECB's fiscal policy (2018)
Working Paper: The ECB's Fiscal Policy (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_7019

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