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In September 2012, in order to save the euro, the Governing Council of the European Central Bank (ECB) announced unlimited purchases of crisis-country bonds if necessary (Outright Monetary Transactions). This was a significant change in monetary policy, leading to a controversial integration...
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"In the confirmed and clarified monetary strategy of the ECB, money still plays a prominent role. Regarding inflation as a monetary phenomenon and concentrating on price stability the ECB rejects an activist monetary policy. However, public and open discussion may contribute to further...
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Die Deutsche Bundesbank hat in ihrem Memorandum „Wege aus der Krise – Wirtschaftspolitische Denkanstöße für Deutschland“ kürzlich Hinweise auf Wege aus der Wachstumskrise gegeben und dabei auch darauf aufmerksam gemacht, dass in Zeiten hoher und hartnäckiger Arbeitslosigkeit die...
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