E-Book, Deutsch, 33 Seiten
Ein kritischer Diskurs
E-Book, Deutsch, 33 Seiten
ISBN: 978-3-668-44932-9
Verlag: GRIN Verlag
Format: PDF
Kopierschutz: 0 - No protection
The author delineated the main interventions of the ECB since October 2008. Furthermore, the writer used the IS-LM-Model to demonstrate the abstract impact of expansive monetary policy. Finally, he expanded on the main points of criticism, which were the allegation of clientele politics against the European Central Bank and the possible violation of its mandate due to the Outright Monetary Transactions. For this, the author outlined the arguments of both sides. Concluding, the author assessed, involving the current economic situation in the European system, that the monetary policy of the ECB supported the recovery of the financial sector and the members of the EU.