ECB Constitutional Court Ruling: Filigree Legal Interpretation Versus Pragmatic Monetary Policy?
Abstract The ruling of the Federal Constitutional Court on ECB policy is quite inadequate to address the strategic problem of monetary policy. In particular, the artificial distinction between permitted ‘monetary policy’ and unauthorised ‘economic policy’ is inappropriate. The resulting demand for a...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2020-07-01
|
| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2677-4 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Abstract The ruling of the Federal Constitutional Court on ECB policy is quite inadequate to address the strategic problem of monetary policy. In particular, the artificial distinction between permitted ‘monetary policy’ and unauthorised ‘economic policy’ is inappropriate. The resulting demand for an evaluation process not only turns institutional principles of monetary policy upside down in Germany, but also proves to be narrow-minded and hardly applicable, apart from the demand for more transparency. |
|---|---|
| ISSN: | 0043-6275 1613-978X |