The Euro Area, a Stressful Monetary Union? Learning from Newspapers’ Monetary Policy Coverage

Bennani, Hamza

doi:10.1080/00213624.2015.1105030

Cited by 3 publications

(1 citation statement)

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“…Looking more closely into the ECB's decision‐making mechanisms, Bennani (, ) examined reported statements by eurozone central bank governors and the ECB president to identify their preferences and policy priorities, and aggregated them through a coalitional analysis of the Governing Council. Finally, Van Esch and De Jong () used speeches given by the ECB president and four additional Governing Council members in 2009–11 to trace their respective cognitive maps vis‐à‐vis a number of crisis‐related topics, including ECB independence.…”

Section: Taking Central Bankers’ Preferences Seriously: a Three‐mentioning

confidence: 99%

The Politicization of the European Central Bank: What Is It, and How to Study It?

Tortola

2019

J of Common Market Studies

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The politicization of the European Central Bank (ECB) is a recurrent theme in debates on the EU after the crisis, yet it is one that still suffers from a considerable degree of vagueness. This is unfortunate as it hinders the development of useful discussions on the place and legitimacy of the ECB within Europe's institutional order. To tackle this problem, this article presents a systematic analysis of the concept of ECB politicization and an agenda for future research on this phenomenon. After reviewing existing uses of the term in the form of three dichotomiespoliticization versus independence, impartiality, and conventionthe article proposes an alternative, preference-based definition of politicization as a deviation from technocratic policy-making in the ECB. Building on this definition, the article then indicates three avenues for the empirical study of politicization centred, respectively, on elite interviews and surveys, the analysis of central bankers' networks and the study of ECB language.

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Section: Taking Central Bankers’ Preferences Seriously: a Three‐mentioning

confidence: 99%