Jens Weidmann: Who calls the shots? The problem of fiscal dominance
نویسنده
چکیده
This session of the conference is titled: “Fiscal Policy in a Monetary Union”. What is a central banker’s role in such a discussion? Well, Mervyn King once said: “Central banks are often accused of being obsessed with inflation. This is untrue. If they are obsessed with anything, it is with fiscal policy.” As so often, Mervyn King was right, we central bankers are indeed obsessed with fiscal policy – and German ones quite probably somewhat more so than those of a different nationality.
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