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Zur Zukunft der Europäischen Union aus ordnungspolitischer Perspektive

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  • Schnabl Gunther
  • Müller Sebastian

Abstract

Der Artikel untersucht die Auswirkungen der sehr lockeren Geldpolitik der Europäischen Zentralbank auf die Wirtschaftsordnung und den europäischen Integrationsprozess aus ordnungspolitischer Perspektive. Es wird argumentiert, dass lange Zeit die von Deutschland geprägte Wirtschaftsordnung nach Eucken (1952) ein Grundpfeiler für Wachstum, Wohlstand und sozialen Zusammenhalt in Europa war. Es wird gezeigt, dass die Geldpolitik der Europäischen Zentralbank mit Euckens (1952) konstituierenden Prinzipien den wirtschaftlichen Grundpfeiler des europäischen Integrationsprozesses untergraben hat. Da die geldpolitischen Rettungsaktionen negative Verteilungseffekte haben und das Wachstum bremsen, wird mit einer daraus resultierenden wachsenden politischen Polarisierung die Akzeptanz des europäischen Integrationsprozesses geschwächt. Es wird ein zeitnaher Ausstieg aus der sehr lockeren Geldpolitik empfohlen, um die Zukunft der Europäischen Union zu sichern.
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Suggested Citation

  • Schnabl Gunther & Müller Sebastian, 2018. "Zur Zukunft der Europäischen Union aus ordnungspolitischer Perspektive," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 68(1), pages 3-34, March.
  • Handle: RePEc:bpj:ordojb:v:68:y:2018:i:1:p:3-34:n:4
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    References listed on IDEAS

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    1. Schäfer, Andreas & Schneider, Maik T., 2015. "Endogenous Enforcement Of Intellectual Property, North–South Trade, And Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 19(05), pages 1074-1115, July.
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    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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