Policy decentralization at the ECB
Grinnanailís
15-09-2017
The decentralized implementation of ECB policy to national central banks has raised concerns about the transparency of policy operations. We argue that these concerns are misplaced: first, the sharp monetary easing under the assets purchase programme is actually allocated according to the capital key of the ECB; second, this allocation may feed divergences between the different Eurozone member states. Though the latter point is not part of the ECB mandate, we argue that another policy may well be possible.
Grinnanailís
Údar seachtarach
Christophe BLOT, Jérôme CREEL (Sciences Po, OFCE)
Maidir leis an doiciméad seo
Saghas foilseacháin
Eochairfhocal
- AIRGEADAS
- An Banc Ceannais Eorpach
- AN tAONTAS EORPACH
- anailís eacnamaíoch
- bainistíocht
- bainistíocht riosca
- Ballstát den Aontas Eorpach
- banc ceannais
- beartas aonair airgeadaíochta
- boilsciú
- cumhacht feidhmiúcháin agus seirbhís phoiblí
- dálaí eacnamaíocha
- dílárú
- EACNAMAÍOCHT
- eacnamaíocht airgeadaíochta
- fás eacnamaíoch
- geografaíocht eacnamaíoch
- GNÓ AGUS IOMAÍOCHT
- institiúidí an AE agus an tseirbhís shibhialta Eorpach
- oibriú na n-institiúidí
- POLAITÍOCHT
- staidreamh an Aontais Eorpaigh
- TÍREOLAÍOCHT