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The ECB considers communication a critical instrument in its policy toolkit. Since its creation, the ECB has devoted significant attention to the mechanisms through which it conveys to the public information relevant to its decision-making and ensures its accountability. This policy briefing assesses whether existing ECB communication practises are adequate to continue ensuring the effectiveness and accountability of monetary policy in light of the recent and upcoming challenges that the ECB confronts ...

What future for democracy?

Na kratko 11-12-2020

A panel at the 2020 ESPAS conference discussed the future of democracy in the light of the coronavirus pandemic. Participatory democracy was seen as a potential remedy for polarisation, while digitisation brings a need for careful governance. Misinformation and disinformation needs to be addressed through education. A poll of attendees identified tax equity as a key innovation for successfully rebuilding democracy.

Reaching a Wider Audience: Is the ECB Trending?

Poglobljena analiza 15-01-2020

Central banks are increasingly recognising the importance of communicating with the wider public. We document that interest in monetary policy is intermittent, usually linked to major decisions and/or personnel changes. The ECB should not expect that every one of its decisions is noticed by the general public. The Monetary Dialogue fulfils the typical function of a representative democracy in which citizens delegate to their elected representatives the task of monitoring policy implementation by ...

Given its central role in public accountability and in the formation of expectations, it is important to reflect on ways to improve the ECB’s communication policy. Communication should not generally strive for maximum transparency. The optimum degree of transparency varies between different aspects of monetary policy and banking supervision. Although the ECB already communicates very openly with the public and achieves a very high level of transparency in all aspects, we see room for improvement ...

The budget of the European Parliament (EP), which accounts for less than 1.2% of the EU general budget, covers the administrative expenditure that ensures the functioning of an institution with 751 Members and 24 official languages. On 14 April 2016, the plenary is scheduled to vote on a report defining the priority objectives and proposed budget of the EP for next year.

Lobbying in the European Union

Poglobljena analiza 05-11-2007

This paper surveys the history of European Lobbying and recent empirical studies on current practice. It presents some key results on the structure, methods and stra-tegies of professional interest representation in Brussels. The briefing also comments on the Commission's European Transparency Initiative, underlining the need to create a single mandatory registry at the Commission and the European Parliament. An inter-institutional approach would reduce the opportunities for lobbyists to venue-shop ...