Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/106758 
Year of Publication: 
2014
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 94 [Issue:] 7 [Publisher:] Springer [Place:] Heidelberg [Year:] 2014 [Pages:] 479-486
Publisher: 
Springer, Heidelberg
Abstract: 
Die Beschlüsse der Europäischen Zentralbank vom 5. Juni 2014 sind zum Teil heftig kritisiert worden. Damit setzt sich die überwiegend negative Bewertung an der Politik der Europäischen Zentralbank fort, die seit langem zu beobachten ist, aber im Widerspruch zur realen Entwicklung steht. Sie lässt sich nur durch das Festhalten an einer Theorie erklären, die falsch angewendet wird. Die negativen Nebenwirkungen sind erheblich, weil die ungerechtfertigte Dauerkritik das Vertrauen in die Institution Europäische Zentralbank untergräbt.
Abstract (Translated): 
The ECB's decision in favour of additional unconventional monetary policy measures has been severely criticised by German economists, experts and the media. This is consistent with the relentless criticism that the ECB has been subject to over recent years, even though the facts clearly show that the ECB has been living up to its mandate. The prevalence reflects adherence to a monetary theory that is wrongly applied. The collateral damage of this misapplication is huge as the permanent and unjustified criticism undermines confi dence in the ECB and hence a key element of European integration.
JEL: 
E51
E52
E58
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size
203.78 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.