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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
Persistent link: https://www.econbiz.de/10001720604
Persistent link: https://www.econbiz.de/10003815330
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
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/10010277737
. -- central bank design ; monetary policy committee ; central bank board ; central bank council ; governance ; inflation …
Persistent link: https://www.econbiz.de/10003767748
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
Persistent link: https://www.econbiz.de/10011521460