| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14489 |
| 来源ID | Working Paper 14489 |
| How Central Bankers See It: The First Decade of ECB Policy and Beyond | |
| Stephen G. Cecchetti; Kermit L. Schoenholtz | |
| 发表日期 | 2008-11-13 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | In this history of the first decade of ECB policy, we also discuss key challenges for the next decade. Beyond the ECB's track record and an array of published critiques, our analysis relies on unique source material: extensive interviews with current and former ECB leaders and with other policymakers and scholars who viewed the evolution of the ECB from privileged vantage points. We share the assessment of our interviewees that the ECB has enjoyed many more successes than disappointments. These successes reflect both the ECB's design and implementation. Looking forward, we highlight the unique challenges posed by enlargement and, especially, by the euro area's complex arrangements for guarding financial stability. In the latter case, the key issues are coordination in a crisis and harmonization of procedures. As several interviewees suggested, in the absence of a new organizational structure for securing financial stability, the current one will need to function as if it were a single entity. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Monetary Policy |
| URL | https://www.nber.org/papers/w14489 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572164 |
| 推荐引用方式 GB/T 7714 | Stephen G. Cecchetti,Kermit L. Schoenholtz. How Central Bankers See It: The First Decade of ECB Policy and Beyond. 2008. |
| 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 | ||
| w14489.pdf（250KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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