Schäuble vs Draghi: German losses from ECB policy are real but self-inflicted

Braun, Benjamin, (2016), “Schäuble vs Draghi: German losses from ECB policy are real but self-inflicted”, LSE blog, 12 Μαΐου

Germany has recently voiced criticism of the European Central Bank (ECB) from the perspective that its policies, such as quantitative easing, have a particularly negative effect within Germany. Benjamin Braun argues that while there have indeed been German losses from the ECB’s policies, much of the problem stems from the country’s reluctance to ease its own fiscal policy.

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