Type
Working paper
Titre
Setting New Priorities for the ECB’s Mandate
Dans
Monetary Dialogue Papers
Éditeur
European Parliament
Collection
Monetary Dialogue Papers
Mots clés
ECB’s Mandate, Financial stability, Employment
Résumé
EN
Beyond price stability, the EU Treaties assign to the ECB a range of secondary objectives. We investigate the linkages between price stability and these objectives to assess whether they are independent, complementary or substitutable, which is important to refine the definition of the mandate. Keeping the current mandate would not provide leeway for the ECB to reach other objectives. We propose to broaden the mandate to include employment and financial stability. Enhanced coordination should contribute to fulfilling the objectives. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.

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