Arnold, Ivo J. M. - In: Intereconomics : review of European economic policy 56 (2021) 5, pp. 274-277
Following the twin crises of sovereign debt and COVID-19, the ECB risks being stuck in a situation of fiscal dominance … the credibility of the ECB is undermined if it is perceived as aiming to close interest spreads. Interest spreads between … an interest stabilisation mechanism would allow the ECB to restore monetary dominance and to focus on maintaining price …