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Optimal central bank design : benchmarks for the ECB
Berger, Helge (contributor) - 2006
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
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Too many cooks? Committees in monetary policy
Berger, Helge; Nitsch, Volker - 2008
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
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Insiders versus outsiders in monetary policy-making
Besley, Timothy (contributor); Meads, Neil (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003603904
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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
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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
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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
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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
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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
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Worker needs and voice in the US and the UK
Bryson, Alex; Freeman, Richard B. - 2006
Persistent link: https://www.econbiz.de/10003336835
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Time-varying yield curve dynamics and monetary policy
Mumtaz, Haroon (contributor); Surico, Paolo (contributor) - 2008
The dynamics of the US economy are modelled using a time-varying structural vector autoregression that incorporates information from the yield curve. We find important changes in the dynamics of macroeconomic variables such as inflation and the federal funds rate. In addition our results suggest...
Persistent link: https://www.econbiz.de/10003674660