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.
Uitgebreide analyse
Externe auteur
Francesco PAPADIA, Alexander ROTH (Bruegel)
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Publicatietype
Zoekterm
- Amerika
- bedrijfskosten
- ECONOMIE
- economische analyse
- economische analyse
- economische geografie
- EU-instellingen en Europese overheid
- Europese Centrale Bank
- EUROPESE UNIE
- Eurosysteem
- eurozone
- financieel beheer
- financiële stabiliteit
- FINANCIËN
- GEOGRAFIE
- kostenefficiëntieanalyse
- liquiditeitscontrole
- monetaire betrekkingen
- monetaire economie
- ONDERNEMING EN CONCURRENTIE
- openbaarheid van het besluitvormingsproces
- personeel
- Personeelsbeheer en bezoldiging
- politieke geografie
- uniek monetair beleid
- Verenigde Staten
- vrij verkeer van kapitaal
- WERKGELEGENHEID EN ARBEID