Belke, Ansgar; Herz, Bernhard; Vogel, Lukas - In: Open Economies Review 18 (2007) 3, pp. 369-388
The paper investigates the link between monetary policy and structural reforms in open economies. We test three hypotheses: (a) the Calmfors hypothesis that the degree of reforms is higher in the case of autonomous policy and lower in the case of commitment, (b) the TINA hypothesis which implies...