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Did the ECB Overstep Its Mandate?

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  • Ulrich Fritsche
  • Artur Tarassow

Abstract

Recent price developments in the euro area demonstrate that deflation is a serious issue of concern. Some euro area countries are already facing a deflation in the usual macroeconomic sense of a “general price decline”. This article discusses the economic consequences of deflation and suggests that the ECB’s expansionary monetary policy was inevitable. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Ulrich Fritsche & Artur Tarassow, 2015. "Did the ECB Overstep Its Mandate?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 50(3), pages 165-170, May.
  • Handle: RePEc:spr:intere:v:50:y:2015:i:3:p:165-170
    DOI: 10.1007/s10272-015-0538-y
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