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We examine whether it is socially beneficial for the individual voting records of central bank council members to be published when the general public is unsure about central bankers' efficiency and central bankers are aiming for re-election. We show that publication is initially harmful since...
Persistent link: https://www.econbiz.de/10011419080
This paper examines whether it is socially desirable for the individual voting records of central bank council members to be published when central bankers' preferences differ. We show that the misrepresentation of their preferences is not advantageous for central bankers although central...
Persistent link: https://www.econbiz.de/10011419124
statistische Theorie für die Monte-Carlo-Methode wird abgeleitet. Anhand einer Simulationsuntersuchung wird die Effizienz von …
Persistent link: https://www.econbiz.de/10011432250
of Capital Asset Pricing Model (CAPM), allowing for a wide class of error distributions which include normality as a …
Persistent link: https://www.econbiz.de/10011431982