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The Single Monetary Policy and Its Decentralised Implementation
F. Papadia
其他書名
An Assessment : In-depth Analysis
出版European Parliament, 2017
ISBN92846163019789284616305
URLhttp://books.google.com.hk/books?id=E_n_swEACAAJ&hl=&source=gbs_api
註釋While the Eurosystem has considerably improved its operational transparency in the last few years, it is still lagging the Federal Reserve System (Fed), especially in terms of the information it provides on operating costs and staff numbers, for which it provides very scarce data. In addition, the available information is scattered throughout different publications, rather than being presented in a user-friendly fashion. Compared to the Fed, the Eurosystem seems to have higher staff numbers and operational costs for similar tasks. Also because of the Treaty requirement to implement monetary policy in a decentralised way, the Eurosystem's implementation of monetary policy is fairly complex.