Year: 2015
Author: Eijffinger, Sylvester
Credit and Capital Markets – Kredit und Kapital, Vol. 48 (2015), Iss. 1 : pp. 1–10
Abstract
When comparing the transparency of the ECB now with the transparency of the ECB about one decade ago, we notice that transparency still can be improved in a few ways. In particular the disclosure related to the ways decisions are reached and the disclosure on its policy (what is the envisioned path of policy?) could be improved. We call for action and in particular we suggest to release minutes and voting records, while also engaging in more explicit and concrete forward guidance. At the same time, we call for a reflection on the institutional setup of the ECB. This is less urgent than the reform with respect to transparency, but in the medium term a necessary exercise. We believe that also in the 8th term of the European Parliament, the Monetary Dialogue will have a role in spurring the debate and possibly influencing the ECB, as it has done in the past.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/ccm.48.1.1
Credit and Capital Markets – Kredit und Kapital, Vol. 48 (2015), Iss. 1 : pp. 1–10
Published online: 2015-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 10
Keywords: E58 G20 O11 Central Bank Transparency Central Bank Communication Macroeconomic Policy
Author Details
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Monetary Policy Committees, Voting Behavior and Ideal Points
Eijffinger, Sylvester C. W.
Raes, Louis
(2016)
https://doi.org/10.2139/ssrn.2815818 [Citations: 0]
| Section Title | Page | Action | Price |
|---|---|---|---|
| Sylvester Eijffinger: Monetary Dialogue 2009–2014: Looking Backward, Looking Forward\r | 1 |