Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10009405449
The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A …
Persistent link: https://www.econbiz.de/10003301388
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as … 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger …
Persistent link: https://www.econbiz.de/10010264057
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...
Persistent link: https://www.econbiz.de/10010264342
Persistent link: https://www.econbiz.de/10003415788
welfare gain associated with making the central bank less conservative than society, however if the outside option is in real … of central bank conservatism. …
Persistent link: https://www.econbiz.de/10011397779
size and voting power. One way to implement this principle is a rotation scheme for national central bank governors that …
Persistent link: https://www.econbiz.de/10011511101
distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary …
Persistent link: https://www.econbiz.de/10011402520
representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10010261091
representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10002521678