ECB in Eurozone policymaking: going forward
Date
2016
Authors
Gürkaynak, R. S.
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Source Title
Geneva Reports on the World Economy
Print ISSN
1607-8616
Electronic ISSN
Publisher
Centre for Economic Policy Research
Volume
2016-February
Issue
Pages
174 - 178
Language
English
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Abstract
Since the beginning of the Global Crisis, the ECB has faced a sequence of problems. This column discusses some of these problems. It also highlights the successful first reaction of the ECB to the crisis and its adequate monetary policies. There are still unresolved structural problems in the Eurozone, however. Among them are the lack of a proper banking union and the need for a better fiscal policy coordination. And the job for such a change within the Eurozone cannot be delegated to the ECB. © CEPR Press, 2016.