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The ECB’s accountability to the European Parliament 2019-2024: commitment in times of change

Author

Listed:
  • Dreher, Ferdinand
  • Hernborg, Nils
  • Mochhoury, Sarah
  • Mulder, Timothy
  • Schölermann, Hanni

Abstract

The article examines how the ECB’s accountability practices have evolved during the ninth term of the European Parliament (2019-2024) and how these compare to previous parliamentary terms. It highlights innovations in the ECB’s accountability practices, including enhanced communication efforts and coverage of new initiatives, such as the digital euro project, which motivated extensive dialogue with the European Parliament. While focusing on central banking accountability in relation to monetary policy, it also outlines the accountability channels for ECB Banking Supervision. Overall, the article illustrates the fruitful joint efforts by the ECB and the European Parliament to effectively shape the accountability relationship and continue to enhance the dialogue between the two institutions. JEL Classification: E52, E58

Suggested Citation

  • Dreher, Ferdinand & Hernborg, Nils & Mochhoury, Sarah & Mulder, Timothy & Schölermann, Hanni, 2024. "The ECB’s accountability to the European Parliament 2019-2024: commitment in times of change," Economic Bulletin Articles, European Central Bank, vol. 7.
    • Handle: RePEc:ecb:ecbart:2024:0007:1
    Note: 4268955
    as

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    More about this item

    Keywords

    Accountability; European Parliament;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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