Work

The ECB’s fiscal policy

Year: 2018

Type: article

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.

Source: International Tax and Public Finance

DOI: 10.1007/s10797-018-9501-8

Author: Hans-Werner Sinn

Institution: Ludwig-Maximilians-Universität München

Language: English

Topic: European Monetary and Fiscal Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $3,090

OpenAlex ID: W2803196016