ECB-Shadow Council
Goals of the Shadow Council

The Shadow Council for European Monetary Policy provides a forum for the discussion of all issues related to monetary policy in the Eurozone.

The Shadow Council for European Monetary Policy provides a forum for the discussion of all issues related to monetary policy in the Eurozone. By making the results of their deliberations public, the members of the Shadow Council are aiming to contribute to and stimulate the public discussion of the goals, options and framework of monetary policy.

The members of the Shadow Council will base their recommendations on their own interpretation of the relevant regulations of the Maastricht Treaty. These may or may not conform to the interpretations of the Governing Council of the European Central Bank.

Members of the Shadow Council represent a variety of professional and regional backgrounds and may pursue different theoretical approaches to monetary policy. To further increase the representativeness of the opinions discussed, the Shadow Council issues a standing invitation to all relevant social and economic institutions and experts to contribute with their opinions and testimony to the debate within the Shadow Council.

Members are not expected to publicly support majority-opinions of the Shadow Council. All members are acting exclusively in their personal capacities. The views they present may or may not correspond to the official views of their respective organizations.

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