from Part II - The Monetary Dimension
Published online by Cambridge University Press: 28 September 2023
This chapter is devoted to analysing the extent to which courts and legal institutions can contribute to improving the accountability of EU monetary policy. To do so, it draws on a framework designed to examine the normative goods underlying accountability claims, namely the use of accountability to improve the openness, non-arbitrariness, effectiveness, and publicness of official action. Analysing the jurisprudence of both national courts and the European Court of Justice, the chapter examines the extent to which judicial interaction has improved or detracted from these goods. It concludes that judicial intervention (in the absence of meaningful channels of political accountability) has made a modest contribution to improving the accountability of the ECB’s monetary policy.
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