| 来源类型 | External Publication |
| 规范类型 | 其他 |
| The single monetary policy and its decentralised implementation: An assessment | |
| Francesco Papadia; Alexander Roth | |
| 发表日期 | 2017-10-04 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 概述 | This paper assesses the decentralised implementation of monetary policy by the Eurosystem in terms of its transparency, efficiency and simplicity. Compared to the Fed, the Eurosystem seems to have higher staff numbers and operational costs for similar tasks. |
| 摘要 | This paper was prepared for the Committee on Economic and Monetary Affairs of the European Parliament (ECON) as an input for the Monetary Dialogue of 25 September 2017 between ECON and the President of the ECB. (http://www.europarl.europa. 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 userfriendly 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.
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| 主题 | European Macroeconomics & Governance ; European Parliament ; Testimonies |
| 关键词 | European Central Bank (ECB) European governance Eurosystem eurozone governance Federal Reserve Monetary policy monetary union |
| URL | https://bruegel.org/2017/10/the-single-monetary-policy-and-its-decentralised-implementation-an-assessment/ |
| 来源智库 | Bruegel (Belgium) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/429659 |
| 推荐引用方式 GB/T 7714 | Francesco Papadia,Alexander Roth. The single monetary policy and its decentralised implementation: An assessment. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| MD-Breugel-final-1.j（338KB） | 智库出版物 | 限制开放 | CC BY-NC-SA |  浏览 | ||
| MD-Breugel-final.pdf（1514KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 文件名： | MD-Breugel-final-1.jpg |
| 格式： | JPEG |
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