Bridge over ocean
27 April 2015 Multimedia

The Limits of Central Banking and the Prospects for Economic Reform in Europe

  1. Jürgen Stark

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?

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