Socially responsible agencies

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HAL-SHS : économie et finance

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Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.4337/clpd.2022.04.05

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Archives ouvertes

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Centre pour la communication scientifique directe

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Socially responsible competition policy Green central banks Missions Accountability

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Obligation Accountability Moral responsibility Responsibility (Law) Accountability Legal responsibility Responsibility, Legal Competition (Economics) Economic competition Competitiveness (Economics) Banks, Central Central banking Central banks Banker's banks

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Jean Tirole, « Socially responsible agencies », HAL-SHS : économie et finance, ID : 10.4337/clpd.2022.04.05

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Résumé En

Should agencies confine their role to their main duty or should they embrace new and desirable societal objectives? This article first discusses two emblematic examples of mission expansion: socially responsible competition authorities and green central banks. It then sheds light on the ongoing debate using contributions to bureaucratic design in economics and political science. On that basis, it warns against the risks associated with the loss of accountability, institutional conflicts, and the lack of policy coordination.

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