The ECB’s fiscal policy

Sinn, Hans-Werner

The ECB’s fiscal policy

International Tax and Public Finance, 2018, vol. 25, issue 6, No 2, 1404-1433

Abstract: 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 summarizes 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.

Keywords: ECB; Fiscal policy; Monetary policy; Outright monetary transactions; Euro crisis (search for similar items in EconPapers)
JEL-codes: E02 E50 E52 E58 H50 H60 H63 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s10797-018-9501-8 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The ECB's Fiscal Policy (2018)
Working Paper: The ECB's fiscal policy (2018)
Working Paper: The ECB's Fiscal Policy (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:itaxpf:v:25:y:2018:i:6:d:10.1007_s10797-018-9501-8

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/10797/PS2

DOI: 10.1007/s10797-018-9501-8

Access Statistics for this article

International Tax and Public Finance is currently edited by Ronald B. Davies and Kimberly Scharf

More articles in International Tax and Public Finance from Springer, International Institute of Public Finance Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().