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Euro Area Policies : 2012 Article IV consultation ; selected issues paper

Berger, Helge; Bornhorst, Fabian; Pérez Ruiz, Esther; … - 2012

Persistent link: https://www.econbiz.de/10009625902

Does conservatism matter? : a time series approach to central banking

Berger, Helge; Woitek, Ulrich - 1999

The empirical literature on central banking has found measures of central bank independence/conservatism to be …. We find that an increase in central bank conservatism leads to higher short-term interest rates and a more activist … economy, higher output and somewhat lower inflation. We also investigate the interaction between the central bank and the …

Persistent link: https://www.econbiz.de/10009781685

Optimal central bank conservatism and monopoly trade unions

Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2001

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

One country, one vote? : labor market structure and voting rights in the ECB

Berger, Helge; Hefeker, Carsten - 2004

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

How should large and small countries be represented in a currency union?

Berger, Helge (contributor); Mueller, Till (contributor) - 2004

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

Insiders versus outsiders in monetary policy-making

Besley, Timothy (contributor); Meads, Neil (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003603904

Restructuring the ECB

Berger, Helge; Haan, Jakob de; Inklaar, Robert - 2003

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

Monetary policy, corporate finance and investment

Cloyne, James; Ferreira, Clodomiro; Froemel, Maren; … - 2018

Persistent link: https://www.econbiz.de/10011981299

Squeezing the interest rate smoothing weight with a hybrid expectations model

Castelnuovo, Efrem - 2003

Successful descriptions of short-term nominal interest rates inertial behavior have frequently been obtained with small scale macro models in which a Central Banker minimizes a loss function embedding an argument labelled as interest rate smoothing. The rationale for this argument is not...

Persistent link: https://www.econbiz.de/10011589555

Positive trend inflation and determinacy in a medium-sized new keynesian model

Arias, Jonas E.; Ascari, Guido; Branzoli, Nicola; … - 2018

This paper studies the challenge that increasing the inflation target poses to equilibrium determinacy in a medium-sized New Keynesian model without indexation fitted to the Great Moderation era. For moderate targets of the inflation rate, such as 2 or 4 percent, the probability of determinacy...

Persistent link: https://www.econbiz.de/10011864684