The single monetary policy and its decentralised implementation: An assessment
While the Eurosystem has considerably improved its operational transparency in the last few years, it is still lagging the Federal Reserve System (Fed), especially in terms of the information it provides on operating costs and staff numbers, for which it provides very scarce data. In addition, the available information is scattered throughout different publications, rather than being presented in a user-friendly fashion. Compared to the Fed, the Eurosystem seems to have higher staff numbers and operational costs for similar tasks. Also because of the Treaty requirement to implement monetary policy in a decentralised way, the Eurosystem’s implementation of monetary policy is fairly complex.
Análisis en profundidad
Autor externo
Francesco PAPADIA, Alexander ROTH (Bruegel)
Acerca de este documento
Tipo de publicación
Palabra clave
- administración y remuneración del personal
- América
- análisis de coste-eficacia
- análisis económico
- análisis económico
- ASUNTOS FINANCIEROS
- Banco Central Europeo
- control de liquidez
- coste de explotación
- ECONOMÍA
- economía monetaria
- EMPRESA Y COMPETENCIA
- estabilidad financiera
- Estados Unidos
- Eurosistema
- GEOGRAFÍA
- geografía económica
- geografía política
- gestión contable
- instituciones de la Unión Europea y función pública europea
- libre circulación de capitales
- personal
- política monetaria única
- relaciones monetarias
- TRABAJO Y EMPLEO
- transparencia del proceso decisorio
- UNIÓN EUROPEA
- zona euro