Setting New Priorities for the ECB’s Mandate
Beyond price stability, the EU Treaties assign to the ECB a range of secondary objectives. We investigate the linkages between price stability and these objectives to assess whether they are independent, complementary or substitutable, which is important to refine the definition of the mandate. Keeping the current mandate would not provide leeway for the ECB to reach other objectives. We propose to broaden the mandate to include employment and financial stability. Enhanced coordination should contribute to fulfilling the objectives. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Analyse approfondie
Auteur externe
Christophe BLOT, Jérôme CREEL, Emmanuelle FAURE and Paul HUBERT
À propos de ce document
Type de publication
Mot-clé
- Banque centrale européenne
- changement climatique
- compétence institutionnelle (UE)
- détérioration de l'environnement
- développement durable
- emploi
- EMPLOI ET TRAVAIL
- ENVIRONNEMENT
- FINANCES
- fiscalité
- inflation
- institutions de l'Union européenne et fonction publique européenne
- libre circulation des capitaux
- plein-emploi
- politique fiscale
- politique monétaire
- politique économique
- prix
- situation économique
- stabilité des prix
- stabilité financière
- UNION EUROPÉENNE
- ÉCONOMIE
- économie monétaire