Fitoussi, Jean-Paul - Sciences économiques, Sciences Po - 2005
internalized by the ECB, that was less reactive than the Fed, and too focussed on current inflation. The tightening of monetary …, during the run up to the euro. In fact, the ECB proved to be much more growth friendly than its predecessors. On the other … helpful in fostering growth recovery in the euro area. The ECB did not fully recognise its new responsibility of conducting …