The ECB's fiscal policy

Hans-Werner Sinn

Munich Reprints in Economics from University of Munich, Department of Economics

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.

Date: 2018
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Published in International Tax and Public Finance 6 25(2018): pp. 1404-1433

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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:lmu:muenar:62835

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