Abstract
This contribution assesses the report of the European Parliament on the ECB's activities in 2024. The report concludes that overstepping its secondary objectives touches upon the ECB's independence. Although it is critical about high inflation, the report does not offer an assessment of the ECB's delayed response to the inflation hike. The report suggests that the use of asset purchase programmes should be limited to instances of crises, thereby ignoring why central banks introduced these programmes in the first place. According to the report, the decision on whether or not to introduce a digital euro is ultimately a political decision that has to be taken by the EU co-legislators and not by the ECB.
Original language | English |
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Journal | Economists' Voice |
DOIs | |
Publication status | E-pub ahead of print - 6-Jun-2025 |
Keywords
- accountability
- central bank independence
- digital euro
- European Central Bank
- inflation
- monetary policy