What to Do with the ECB's Secondary Mandate
نویسندگان
چکیده
The ECB's secondary mandate requires it to support broader economic policies by and in the EU. How should ECB deal with its many, potentially conflicting, objectives? To answer that question, this article combines normative legal analysis new archival sources, as well of speeches documents. A more important role for fits new, political ECB. However, requirements text imposes on are paradoxical. While strictly binding, is also highly indeterminate, lacks democratic legitimacy competence develop own pursuing objectives. resolve paradoxical situation, we propose specification objectives take place via high-level coordination institutions
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ژورنال
عنوان ژورنال: Journal of Common Market Studies
سال: 2022
ISSN: ['1468-5965', '0021-9886']
DOI: https://doi.org/10.1111/jcms.13406