Showing 1 - 10 of 16
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 estimates the effects of family-background characteristics on student performance in the US and 17 Western European school systems. Family background has strong effects both in Europe and the United States, remarkably similar in size. France and Flemish Belgium achieve the most...
Persistent link: https://www.econbiz.de/10011402504
Persistent link: https://www.econbiz.de/10009625902
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
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/10002521678
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/10012753618
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/10012754018