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The single monetary policy and its decentralised implementation: An assessment - Bruegel - Monetary dialogue September 2017

Papadia, Francesco and Roth, Alexander (2017) The single monetary policy and its decentralised implementation: An assessment - Bruegel - Monetary dialogue September 2017. [Policy Paper]

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    Abstract

    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 userfriendly 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

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 16 Oct 2017 10:17
    Number of Pages: 23
    Last Modified: 16 Oct 2017 11:30
    URI: http://aei.pitt.edu/id/eprint/91826

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