Prinz, Aloys; Beck, Hanno - In: Credit and capital markets : Kredit und Kapital 55 (2022) 4, pp. 431-456
European Monetary Union (EMU) and the monetary policy of the European Central Bank (ECB). Since the financial and euro crises … inflation. Although MMT requires that the government has its own currency, it has been proposed as a policy concept for the EMU …. The contribution of this paper to the literature is twofold. Firstly, it is demonstrated that the EMU's institutional …