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Dauerkritik an der Europäischen zentralbank


  • Adalbert Winkler



The ECB’s decision in favour of additional unconventional monetary policy measures has been severely criticised by German economists, experts and the media. This is consistent with the relentless criticism that the ECB has been subject to over recent years, even though the facts clearly show that the ECB has been living up to its mandate. The prevalence refl ects adherence to a monetary theory that is wrongly applied. The collateral damage of this misapplication is huge as the permanent and unjustifi ed criticism undermines confi dence in the ECB and hence a key element of European integration. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Adalbert Winkler, 2014. "Dauerkritik an der Europäischen zentralbank," Wirtschaftsdienst, Springer;German National Library of Economics, vol. 94(7), pages 479-486, July.
  • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:7:p:479-486
    DOI: 10.1007/s10273-014-1700-z

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    More about this item


    E51; E52; E58;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies


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