
Germany’s Costly Fiscal Fetish
The European Central Bank is under heavy attack in Germany, a country that has long prided itself on defending the principle of central-bank independence. Indeed,
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Hans-Helmut Kotz is a Visiting Professor of Economics at Harvard University and a SeniorFellow at the Center for Financial Studies at Goethe University Frankfurt.

The European Central Bank is under heavy attack in Germany, a country that has long prided itself on defending the principle of central-bank independence. Indeed,