Euro, Forschungsplattform Nullzinspolitik, Geldpolitik, Prof. Dr. Gunther Schnabl

There is a general erosion of trust in the ECB, which did improve during the recovery between 2014 and 2019, but is still far below the level in 1999, while it deteriorated again during the current crisis. Gunther Schnabl identifies three phenomena concerning ECB monetary policy the erosion of trust may result from.

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