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)
- he 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. Climate-related 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.
Author: | Elsa Clara MassocORCiD |
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URN: | urn:nbn:de:hebis:30:3-682021 |
URL: | https://ssrn.com/abstract=4155627 |
DOI: | https://doi.org/10.2139/ssrn.4155627 |
Parent Title (English): | LawFin working paper ; No. 40 |
Series (Serial Number): | LawFin Working Paper (40) |
Publisher: | Center for Advanced Studies on the Foundations of Law and Finance, House of Finance, Goethe University |
Place of publication: | Frankfurt am Main |
Document Type: | Working Paper |
Language: | English |
Date of Publication (online): | 2022/07/07 |
Date of first Publication: | 2022/07/07 |
Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
Release Date: | 2022/07/21 |
Tag: | European Central Bank; European Parliament; accountability; climate; price stability |
Page Number: | 48 |
Note: | This project was funded by Positive Money Europe, a not-for-profit research and advocacy organisation focusing on banking and monetary policy and by the German Research Foundation (Deutsche Forschungsgemeinschaft, DFG) – project FOR 2774. |
Institutes: | Rechtswissenschaft / Rechtswissenschaft |
Wirtschaftswissenschaften / Wirtschaftswissenschaften | |
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
Wissenschaftliche Zentren und koordinierte Programme / DFG-Forschergruppen / Foundation of Law and Finance | |
Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
3 Sozialwissenschaften / 34 Recht / 340 Recht | |
Sammlungen: | Universitätspublikationen |
Licence (German): | Deutsches Urheberrecht |