TY  - UNPD
A1  - Fratzscher, Marcel
A1  - Gropp, Reint
A1  - Kotz, Hans-Helmut
A1  - Krahnen, Jan Pieter
A1  - Odendahl, Christian
A1  - Weder di Mauro, Beatrice
A1  - Wolff, Guntram
T1  - Mere criticism of the ECB is no solution
T2  - SAFE policy letter series ; 51
N2  - The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have supported Europe’s economy for some time, but by now it is clear that the eurozone will only be able to pull itself out of this crisis by means of more decisive action. One response, the recent easing of monetary policy by the European Central Bank (ECB), has, for the most part, been sharply and one-sidedly criticised in Germany. Monetary policy inaction seems to be the preferred option of many in Germany.
The authors discuss the following question: What would happen if the ECB failed to respond to the excessively low inflation and the weak economy? And what economic policy would be suitable under the current circumstances, if not monetary policy?
T3  - SAFE policy letter - 51 
KW  - eurozone
KW  - crisis
KW  - monetary policy
Y1  - 2016
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/40062
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-400629
UR  - http://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/mere-criticism-of-the-ecb-is-no-solution.html
PB  - SAFE
CY  - Frankfurt am Main
ER  -