Feld, Lars P.; Fuest, Clemens; Haucap, Justus; … - 2021
The European Central Bank (ECB) is currently conducting a review of its monetary policy strategy. The last formal …), examines whether the ECB's monetary policy strategy still holds promise for success, whether its mandate should be … largest creditors of the member states. Fiscal dominance of monetary policy should be avoided. The ECB's hierarchical mandate …