Blurred boundaries between monetary and fiscal policy
The paper argues that the monetary policy response to the COVID-19 crisis has been appropriate in terms of the ECB's primary objective. The concern over fiscal dominance is, however, valid as in a situation of rising inflationary pressure the ECB would have to choose between maintaining price s...
|Place of publication:||
Luxembourg Publications Office 2020, 2020
|Data of publication:||2020, 2020|
|Alternate Title:||Blurred boundaries between monetary and fiscal policy
Manuscript completed: October 2020. Date of publication: November 2020.
Monetary dialogue papers
|Online Access:||available in Bonn?|
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