Is het nodig het monetair beleid te democratiseren en wat is het risico daarvan?

The ECB is legally independent, but its policy increasingly shapes society and demands democratic legitimacy. Democratization is needed given unequal distributional effects, entanglement with societal goals, and reliance on public guarantees. Within existing treaties, better coordination, curbing bank power, and greater citizen involvement could help; more fundamentally, a digital euro offers new instruments. Risk is overpoliticization, requiring a new balance.

This article was published in Dutch at Wiardi Beckman Stichting/ S&D: https://wbs.nl/publicaties/het-nodig-het-monetaire-beleid-te-democratiseren-en-wat-daarvan-het-risico