How do Members of the European Parliament (MEPs) hold the European Central Bank (ECB) accountable? : a descriptive quantitative analysis of three accountability forums (2014-2021)
Elsa C. Massoc
The ECB is independent, but it is also accountable to the European parliament (EP). Yet, how the EP has held the ECB accountable has largely been overlooked. This paper starts addressing this gap by providing descriptive statistics of three accountability modalities. The paper highlights three findings. First, topics of accountability have changed. Climaterelated accountability has increased quickly and dramatically since 2017. Second, if the relationship between price stability and climate change remains an object of conflict among MEPs, a majority within the EP has emerged to put pressure for the ECB to take a more active stance against climate change, precisely on behalf of its price stability mandate. Third, MEPs engage with the climate topic in very specific ways. There is a gender divide between the climate and the price stability topics. Women engage more actively with climate-related topics. While the Greens heavily dominate the climate topic, parties from the Right dominate the topic of Price stability. Finally, MEPs adopt a more united strategy and a particularly low confrontational tone in their climate-related interventions.
Year of publication: |
[2022]
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Authors: | Massoc, Elsa Clara |
Publisher: |
Frankfurt am Main, Germany : DFG Center for Advanced Studies on the Foundations of Law and Finance, House of Finance, Goethe University |
Subject: | accountability | European Central Bank | European Parliament | climate | price stability | EU-Staaten | EU countries | Zentralbank | Central bank | Eurozone | Euro area | Geldpolitik | Monetary policy | Parlament | Parliament | Preisstabilität | Price stability |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 48 Seiten) Illustrationen |
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Series: | LawFin working paper. - Frankfurt am Main, Germany : DFG Center for Advanced Studies on the Foundations of Law and Finance, ZDB-ID 3096773-9. - Vol. no. 40 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper |
Language: | English |
Other identifiers: | hdl:10419/262361 [Handle] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013332291