The Urgent Need for a Review of the ECB's Monetary Policy Strategy: Towards an Institutional Review
Análisis en profundidad
15-11-2019
It has been sixteen years since the European Central Bank has undertaken a review of its monetary policy. In the intervening time, the world – and the economic challenges facing the ECB – have changed immensely. This paper argues that a review is overdue but that it should not be limited to policies; instead, an institutional review is needed. This would consist of a backward-looking assessment of outcomes versus mandates, coupled with a forward-looking scenario planning exercise. This document was provided by Policy Department A for the European Parliament's Committee on Economic and Monetary Affairs.
Análisis en profundidad
Autor externo
Christopher A. HARTWELL
Acerca de este documento
Tipo de publicación
Ámbito político
Palabra clave
- análisis económico
- análisis económico
- ASUNTOS FINANCIEROS
- Banco Central Europeo
- ECONOMÍA
- economía monetaria
- estabilidad de precios
- inspección bancaria
- instituciones de la Unión Europea y función pública europea
- instituciones financieras y de crédito
- libre circulación de capitales
- política monetaria única
- precios
- relaciones monetarias
- supervisión financiera
- UNIÓN EUROPEA
- zona euro