Setting New Priorities for the ECB's Mandate

Christophe Blot (1) , Jérôme Creel (1) , Emmanuelle Faure (2, 3) , Paul Hubert (1)

1 OFCE - Observatoire français des conjonctures économiques (Sciences Po)
2 LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces
3 Station d'économie et de sociologie rurales de paris

In a statement announcing the review of its monetary policy strategy, the Euro-pean Central Bank (ECB) stated that it will, in addition to price stability, also take into account how “other considerations, such as financial stability, employment and environmental sustainability, can be relevant in pursuing the ECB's mandate”. The key question is which precise objectives shall be taken into account and how the ECB might reach them, keeping in mind that some trade-offs vis-à-vis the primary objective may arise. [First paragraph]

Mots clés: Priorities; ECB's mandate

Domaines: Economies et finances

Christophe Blot, Jérôme Creel, Emmanuelle Faure, Paul Hubert. Setting New Priorities for the ECB's Mandate. OFCE Policy Brief, 2020, 71. ⟨hal-03403024⟩