The Urgent Need for a Review of the ECB's Monetary Policy Strategy: Towards an Institutional Review
Analüüs
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.
Analüüs
Parlamendiväline autor
Christopher A. HARTWELL
Dokumendi info
Väljaande liik
Poliitikavaldkond
Märksõna
- ELi institutsioonid ja Euroopa avalik teenistus
- euroala
- Euroopa Keskpank
- EUROOPA LIIT
- finantsjärelevalve
- hindade stabiilsus
- hinnad
- kapitali vaba liikumine
- krediidi- ja finantseerimisasutused
- MAJANDUS
- majandusanalüüs
- majandusanalüüs
- pangajärelevalve
- rahalised suhted
- RAHANDUS
- rahapoliitika
- ühtne rahapoliitika