Jürgen Stark discusses the policy response of the European Central Bank (ECB) in the six years since the financial crisis and whether the ECB policy brought Europe any closer to achieving sustainable, non-inflationary economic growth.
Jürgen Stark discusses the policy response of the European Central Bank (ECB) in the six years since the financial crisis and whether the ECB policy brought Europe any closer to achieving sustainable, non-inflationary economic growth. Stark also debates the recent ECB decision to engage in quantitative easing: Why does it create additional barriers to reform at the national level in Europe and increase the risk of a euro crisis?