External authors

Monika Schnitzer

Professor of Economics

Monika Schnitzer is Professor of Economics at the University of Munich and a member of the German Council of Economic Experts.

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The Independence of the Central Bank at Risk

The ruling of the German Federal Constitutional Court (GFCC) of May 5 on the ECB’s monetary policy affects not only the relation of Germany to the European Central Bank (ECB) and the Court of Justice of the European Union (ECJ) but also the constitutional foundations of monetary policy.

By: Peter Bofinger, Martin Hellwig, Michael Hüther, Monika Schnitzer, Moritz Schularick and Guntram B. Wolff Topic: Macroeconomic policy Date: June 2, 2020