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来源类型 | Policy Brief |
规范类型 | 简报 |
Preparing for uncertainty | |
Grégory Claeys; Maria Demertzis; Francesco Papadia | |
发表日期 | 2019-07-03 |
出版年 | 2019 |
语种 | 英语 |
概述 | Memo to the president of the European Central Bank. Grégory Claeys, Maria Demertzis and Francesco Papadia present the challenges that the next ECB president will face during the upcoming mandate, reinventing monetary policy in a system riddled with uncertainties. |
摘要 | Monetary policy must reinvent itself in the wake of the crisis. Reinvention is particularly important because the system is riddled with uncertainties and the scope for applying both conventional and unconventional instruments is limited. The architecture of Economic and Monetary Union makes the challenge even greater because alignment of preferences and policies can only go so far. The European Central Bank will have to be clearer on what it can do, while remaining flexible in order to manage current uncertainties and unknowns. While the ECB’s main objective is price stability, it will also have to contribute to the identification of, and response to, financial imbalances, while preserving its independence. |
主题 | European Macroeconomics & Governance |
关键词 | Banks European Central Bank (ECB) European governance eurozone governance MEMOS 2019 Monetary policy monetary union |
URL | https://bruegel.org/2019/07/preparing-for-uncertainty/ |
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/429845 |
推荐引用方式 GB/T 7714 | Grégory Claeys,Maria Demertzis,Francesco Papadia. Preparing for uncertainty. 2019. |
条目包含的文件 | 条目无相关文件。 |
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