Bundesbank

The German central bank (Deutsche Bundesbank), established in 1957, which gained renown for its independent monetary policy, early adoption of monetarist money supply targeting, and a strong anti-inflationary stance that deliberately deterred Keynesian deficit spending.

Claims that use this term

• The Bundesbank was deliberately designed to crowd out Keynesian deficit spending.
• The Bundesbank was the first central bank worldwide to adopt monetarist money supply targeting