Survey:
2002 ECB's Monetary Policy
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Question
In order to contribute to the assessment of 2002 ECB's monetary
policy, the OBCE asks Euro-zone academic and financial market observers
to participate in this informal survey: To what extent did
the ECB fulfil in 2002 the objectives it has been assigned by
the Maastricht Treaty*?
To participate in this survey just reply to this message with
the letter grade you assign to the ECB: A+, A, A-, B+, B, B-,
C+, C, C-, D or F.
Results
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| A+ |
3,12% |
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| A |
6,25% |
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| A- |
9,37% |
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| B+ |
14,58% |
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| B |
15,63% |
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| B- |
8,33% |
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| C+ |
4,17% |
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| C |
12,50% |
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| C- |
8,33% |
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| D |
12,50% |
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| F |
1,04% |
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Other
Responses |
4,17% |
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TOTAL VOTES 192 |
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The survey was conducted by e-mail (October 29-November 7) among
academics and economists mostly from Euro-zone countries. The OBCE's
surveys are not "scientific", but do represent the collective opinion
of everyone who participates.
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MEMO:
Descriptor Letter Grade (Grade Point Value)
Excellent A+, A, A- (4.3, 4.0, 3.7)
Good B+, B, B- (3.3, 3.0, 2.7)
Satisfactory C+ C, C- (2.3, 2.0, 1.7)
Poor D (1.0)
Very Poor F (0.0)
Descriptor Letter Grade
A Excellent or outstanding performance in relation to its objectives
B Good performance
C Satisfactory performance
D Poor performance
F Very poor performance
* About ECB's Objectives. According to the Article 105 of the Maastricht
Treaty, "the primary objective of the ESCB shall be to maintain
price stability", adding that "without prejudice to the objective
of price stability, the ESCB shall support the general economic
policies in the Community with a view to contributing to the achievement
of the objectives of the Community as laid down in Article 2 ".
According to the Article 2, these Community objectives are, among
others, to achieve a "sustainable and non-inflationary growth respecting
the enviroment" and "a high level of employment and social protection".
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