Narrow search
Showing 1 - 10 of 68,857
Cover Image
The EMU after three years : lessons and challenges
Bofinger, Peter - 2002
Persistent link: https://www.econbiz.de/10009232833
Cover Image
Die Reputation einer Zentralbank : eine theoretische Untersuchung unter besonderer Berücksichtigung der Europäischen Zentralbank
Henning, Iris - 1997
Kann die Europäische Zentralbank die hohe Reputation der Deutschen Bundesbank übernehmen? Für die Analyse dieser Frage wird das Grundmodell von Barro und Gordon dahingehend erweitert, daß Reputation auch dann aufgebaut werden kann, wenn die Antiinflationspolitik unglaubwürdig erscheint....
Persistent link: https://www.econbiz.de/10011927511
Cover Image
What do politicians think of technocratic institutions? Experimental Evidence on the European Central Bank
Ferrara, Federico M.; Masciandaro, Donato; Moschella, … - 2023
Technocracy has come to be increasingly regarded as a threat to representative democracy. Significant attention has thus been recently devoted to exploring public preferences towards technocratic institutions. Elected policymakers’ attitudes have instead not been investigated as...
Persistent link: https://www.econbiz.de/10014353838
Cover Image
Should We Have Faith in Central Banks?
Issing, Otmar - 2006
Central bank independence is now in vogue because of previous experience of politicisation of monetary policy. But can the central bankers be trusted more than the politicians? In this Occasional Paper, Professor Otmar Issing, the leading monetary economist and one of Europe's most influential...
Persistent link: https://www.econbiz.de/10014066547
Cover Image
The boundaries of central bank independence : lessons from unconventional times
Orphanides, Athanasios - 2018
What institutional arrangements for an independent central bank with a price stability mandate promote good policy outcomes when unconventional policies become necessary? Unconventional monetary policy poses challenges. The large scale asset purchases needed to counteract the zero lower bound on...
Persistent link: https://www.econbiz.de/10011901698
Cover Image
The Rule of Law, Central Bank Independence and Price Stability
Nurbayev, Daniyar - 2018
This work empirically investigates the effect of the interaction between the rule of law and legal central bank independence (CBI) on price stability (the level of inflation and inflation volatility), employing a panel dataset that covers up to 124 countries over the period from 1970 to 2013. A...
Persistent link: https://www.econbiz.de/10012907283
Cover Image
Inflation Culture, Central Bank Independence and Price Stability
Hayo, Bernd - 1998
This paper proposes that central bank independence alone is insufficient to explain low inflation. It argues instead that central bank independence may be interconnected with public attitudes towards inflation via a historical feedback process that has led to an anti-inflation culture and public...
Persistent link: https://www.econbiz.de/10014070872
Cover Image
Ideology and monetary policy : the role of political parties' stances in the ECB's parliamentary hearings
Fraccaroli, Nicolò; Giovannini, Alessandro; Jamet, … - 2022
We investigate whether ideology drives the sentiments of parliamentarians when they speak to the central bank they hold accountable. To this end, we collect textual data on the quarterly hearings of the ECB President before the European Parliament from 1999 to 2019. We apply sentiment analysis...
Persistent link: https://www.econbiz.de/10012939688
Cover Image
Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey
Hamella, Sandra; Haan, Jakob de - 2004
This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …
Persistent link: https://www.econbiz.de/10011399168
Cover Image
The ECB's price stability framework : past experience, and current and future challenges
2021
The ECB's price stability mandate has been defined by the Treaty. But the Treaty has not spelled out what price stability precisely means. To make the mandate operational, the Governing Council has provided a quantitative definition in 1998 and a clarification in 2003. The landscape has changed...
Persistent link: https://www.econbiz.de/10012627164