An Interest Stabilisation Mechanism to Unburden the ECB
Abstract Following the twin crises of sovereign debt and COVID-19, the ECB risks being stuck in a situation of fiscal dominance, in which monetary policy is subordinated to the needs of finance ministers. A strong post-COVID-19 recovery may increase inflationary pressures, requiring a shift towards...
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| Format: | Article |
| Language: | English |
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Springer
2021-10-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-021-0998-1 |