Mission Creep – Reality and Risks
We define mission creep as implying two different sort of processes. In the first ones, the central bank intervenes in fields it does not statutorily have to be present in. The second sort of processes diverts the central bank’s policies from its statutory missions. We review how central banks mi...
Tallennettuna:
| Päätekijät: | , |
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| Aineistotyyppi: | Article ou chapitre numérique |
| Kieli: | Français |
| Julkaistu: |
2025
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| Aiheet: | |
| Linkit: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Yhteenveto: | We define mission creep as implying two different sort of processes. In the first ones, the central bank intervenes in fields it does not statutorily have to be present in. The second sort of processes diverts the central bank’s policies from its statutory missions. We review how central banks missions, especially those of the European Central Bank (ECB) and the Federal Reserve System (Fed), have evolved since the Global Financial Crisis (GFC) and conclude that the reality of mission creep so far appears limited.
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