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Eijffinger, Sylvester C W; Stadhouders, Patrick - C.E.P.R. Discussion Papers - 2003

extension of the existing empirical research about the relationship between inflation and the institutional design of monetary … the rate of inflation, central bank reforms and the transition process. Legal Transition Indicators will be used as proxy …

Persistent link: https://www.econbiz.de/10005497964

Monetary Committee Size and Special Interest Influence

Colla De Robertis, Esteban - Centro de Estudios Monetarios Latinoamericanos (CEMLA) - 2010

inflation rate and output are an average of the ones preferred by the committee and the special interest groups; thus, size of a …). The reason is that special interest group’s weights on equilibrium inflation rate under influence is lower the higher the … stable inflation rate will appoint a larger committee; ii) larger committees deliver lower and more stable inflation rates. …

Persistent link: https://www.econbiz.de/10011279221

Is It Welfare Improving to Insulate Monetary Policy from the Political Arena?.

Berganza, J.C. - Centro de Estudios Monetarios y Financieros (CEMFI) - 1999

This paper presents a two-party model in which partisan and opportunistic politicians have two options: (i) to reach an agreement with respect to the central banker before elections are held, which leads to elections becoming a toss up, or (ii) to let the citizens vote for their proposed central...

Persistent link: https://www.econbiz.de/10005776185

Central bank bashing: The case of the European Central Bank

Maier, Philipp; Bezoen, Saskia - EconWPA - 2002

Central banks do not operate in a vacuum. In this paper we analyse the fac-tors leading to external pressure or public support for European monetary policy. Moreover, based upon the findings for the Deutsche Bundesbank, some additional les-sons are drawn for the ECB. External pressure on the ECB...

Persistent link: https://www.econbiz.de/10005561320

Implications of EMU enlargement for European monetary policy: A political economy view

Maier, Philipp; Hendrikx, Maarten - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005076692

Revealing monetary policy preferences

Smith, Christie - Reserve Bank of New Zealand - 2009

Reserve Bank and the Minister of Finance, we identify policy-makers’ willingness to trade off inflation outcomes for …

Persistent link: https://www.econbiz.de/10005007498

Financial Integration in the European Union: an Analysis of ECB’s role

Passarella, Marco - Financialisation, Economy, Society & Sustainable … - 2013

The aim of this document is twofold: first, to provide a critical survey of the European Central Bank (ECB hereafter) official documents concerning the process of financial integration in the Euro area; second, to offer an outline of the recent developments in the actual policies adopted by the...

Persistent link: https://www.econbiz.de/10010741328

Is the U.S. Fed Voting Record Informative about Future Monetary Policy?

Horvath, Roman; Smidkova, Katerina; Zapal, Jan - In: Czech Journal of Economics and Finance (Finance a uver) 62 (2012) 6, pp. 478-484

We examine the information content of U.S. Fed voting records under the Greenspan chairmanship. We find that the voting records of FOMC members, as captured by the difference between the average voted-for and actually implemented policy rate, signal the future course of monetary policy. The...

Persistent link: https://www.econbiz.de/10010600841

Central Banks' Voting Records and Future Policy

Horváth, Roman; Šmídková, Katerina; Zápal, Jan - In: International Journal of Central Banking 8 (2012) 4, pp. 1-19

five inflation-targeting countries (the Czech Republic, Hungary, Poland, Sweden, and the United Kingdom). We find that in …

Persistent link: https://www.econbiz.de/10010595568

For and Against a New Framework for Banking Supervision

Cristina, Sãveanu - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 278-283

Offering a critical perspective, this paper presents the new strategy in European Union’s banking supervision as response to the financial market tensions, describing the results of this redefinition process on different areas: the revision of supervision institution and international banking...

Persistent link: https://www.econbiz.de/10010632709