Martin Feldstein on the European Central Bank

Dos and Don’ts for the European Central Bank
Project Syndicate
July 29, 2012
Commentary by: Martin Feldstein, member of the Belfer Center Board of Directors
Topic: European Central Bank

“Recent statements by European Central Bank President Mario Draghi and Bank Governor Ewald Nowotny have reopened the debate about the desirable limits to ECB policy. The issue is not just the ECB’s legal authority under the Maastricht Treaty, but, more importantly, the appropriateness of alternative measures.”

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