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We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...
Persistent link: https://www.econbiz.de/10003300988
Soon, euro area membership could more than double, with the vast majority of accession countries being quite different … political economy perspective, including a potential conflict with the established voting rights of current euro area member …
Persistent link: https://www.econbiz.de/10011511101
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...
Persistent link: https://www.econbiz.de/10011402520
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the …
Persistent link: https://www.econbiz.de/10002521678