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We examine whether it is socially beneficial for the individual voting records of central bank council members to be … efficient central bankers in their bid to get re-elected. After re-election, however, losses will be lower when voting records … and can make central bankers individually accountable. Nevertheless, the negative effects of voting transparency …
Persistent link: https://www.econbiz.de/10011419080
We examine whether it is socially beneficial for the individual voting records of centralWir untersuchen, ob die …
Persistent link: https://www.econbiz.de/10012991307
We examine whether the publication of the individual voting records of central-bank council members is socially … optimal behavior for somewhat less efficient central bankers. However, after re-appointment, losses will be lower when voting … and can make central bankers individually accountable. In our model, the negative effects of voting transparency dominate …
Persistent link: https://www.econbiz.de/10014149119
This paper examines whether it is socially desirable for the individual voting records of central bank council members … publication of voting records is beneficial since the government can distinguish central bankers in terms of their preferences and … berücksichtigen, dass sie vielleicht nicht wiedergewählt werden. Die Veröffentlichung der Abstimmung ist somit nützlich, weil die …
Persistent link: https://www.econbiz.de/10011419124
This paper examines whether it is socially desirable for the individual voting records ofIn diesem Papier wird …
Persistent link: https://www.econbiz.de/10012991287
We examine whether the publication of the individual voting records of central-bank council members is socially …
Persistent link: https://www.econbiz.de/10014068841
We introduce a democratic procedure with voting-based proposals called "Pendular Voting". It works as follows: An … manipulability and exploitation of this voting procedure and its welfare effects. We show that manipulation is limited or absent and … that exploitation can be avoided. Regardless of whether the agenda-setter is altruistic or selfish, Pendular Voting leads …
Persistent link: https://www.econbiz.de/10012544186
We examine to what extent central banks should release their internal assessments concerning the links between money growth and future inflation, and between employment and inflation. We show that the social value of transparency concerning real shocks is negative since the disclosure of the...
Persistent link: https://www.econbiz.de/10014207141
private information truthfully before voting takes place. Depending on the distance between two feasible public good levels …, the optimal mechanism involves either one or two voting rounds. We show that procedural efficiency cannot be achieved by … communication among all citizens prior to voting. Finally, we outline several applications of the mechanism. …
Persistent link: https://www.econbiz.de/10011444451
Persistent link: https://www.econbiz.de/10013429355