TY  - UNPD
A1  - Siekmann, Helmut
T1  - Inflation, price stability, and monetary policy - on the legality of inflation targeting by the Eurosystem
T2  - Working paper series / Institute for Monetary and Financial Stability ; 172
N2  - In the communication of the European Central Bank (ECB), the statement that „we act within our mandate“ is often referred to. Also among practitioners of the Eurosystem the term „mandate“ has become popular. In his Working Paper, Helmut Siekmann analyzes the legal foundation of the tasks and objectives of the Eurosysstem and price stability as a legal term. He finds that the primary law of the EU only very sparsely employs the term „mandate“. It is never used in the context of monetary policy and its institutions. Moreover, he comes to the conclusion that inflation targeting as a task, competence, or objective of the Eurosystem is legally highly questionable according to the common standards of interpretation.
T3  - Working paper series / Institute for Monetary and Financial Stability - 172 
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/65678
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-656781
UR  - https://www.imfs-frankfurt.de/de/forschung/imfs-working-papers/details/mm_publication/detail/publication/inflation-price-stability-and-monetary-policy-on-the-legality-of-inflation-targeting-by-the-euro.html
VL  - 2022
PB  - Johann Wolfgang Goethe-Univ., Inst. for Monetary and Financial Stability
CY  - Frankfurt am Main
ER  -