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.
Detaljna analiza
Vanjski autor
Francesco PAPADIA, Alexander ROTH (Bruegel)
Informacije o dokumentu
Vrsta publikacije
Ključna riječ
- Amerika
- analiza troškova i djelotvornosti
- EKONOMIJA
- ekonomska analiza
- ekonomska analiza
- ekonomska geografija
- europodručje
- Europska središnja banka
- EUROPSKA UNIJA
- Eurosustav
- FINANCIJE
- financijska stabilnost
- institucije EU-a i europska javna služba
- jedinstvena monetarna politika
- kontrola likvidnosti
- monetarna ekonomija
- monetarni odnosi
- operativni trošak
- osoblje
- politička geografija
- POSLOVANJE I KONKURENCIJA
- računovodstvo
- Sjedinjene Američke Države
- slobodno kretanje kapitala
- transparentnost u donošenju odluka
- upravljanje kadrovima i nagrađivanje
- ZAPOŠLJAVANJE I RADNI UVJETI
- ZEMLJOPIS