The Urgent Need for a Review of the ECB's Monetary Policy Strategy: Towards an Institutional Review
Análise aprofundada
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.
Análise aprofundada
Autor externo
Christopher A. HARTWELL
Sobre este documento
Tipo de publicação
Domínio de intervenção
Palavra-chave
- análise económica
- análise económica
- Banco Central Europeu
- controlo bancário
- ECONOMIA
- economia monetária
- estabilização de preços
- FINANÇAS
- instituições da União Europeia e função pública europeia
- instituições financeiras e crédito
- livre circulação de capitais
- política monetária única
- preços
- relações monetárias
- supervisão financeira
- UNIÃO EUROPEIA
- zona euro