Narrow search
Showing 1 - 10 of 127
Cover Image
How should large and small countries be represented in a currency union?
Berger, Helge; Mueller, Till - 2004
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...
Persistent link: https://www.econbiz.de/10010261091
Cover Image
How should large and small countries be represented in a currency union?
Berger, Helge; Müller, Till - 2004
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...
Persistent link: https://www.econbiz.de/10009303502
Cover Image
How Should Large and Small Countries Be Represented in a Currency Union?
Berger, Helge; Mueller, Till - 2021
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...
Persistent link: https://www.econbiz.de/10013318847
Cover Image
Does conservatism matter? : A time series approach to central banking
Berger, Helge - 1998
Persistent link: https://www.econbiz.de/10013428231
Cover Image
How to Reduce Inflation : An Independent Central Bank or a Currency Board? The Experience of the Baltic Countries
de Haan, Jakob; Berger, Helge; van Fraassen, Erik - 2011
Countries in transition often face high levels of inflation. This paper discusses two ways to reduce inflation: the creation of an independent central bank and the introduction of a currency board. It is shown that both options have advantages and disadvantages. This framework is used for a...
Persistent link: https://www.econbiz.de/10014130902
Cover Image
Does Conservatism Matter? A Time Series Approach to Central Banking
Berger, Helge; Woitek, Ulrich - 2021
The empirical literature on central banking has found measures of central bank independence/conservatism to be … and conservatism. We present results from a single-country time series model for the German Bundesbank that avoids these … shortfalls. We find that an increase in central bank conservatism leads to higher short-term interest rates and a more activist …
Persistent link: https://www.econbiz.de/10013320935
Cover Image
The effectiveness of monetary policy in steering money market rates during the recent financial crisis
Abbassi, Puriya; Linzert, Tobias - 2011
The recent financial crisis deeply affected the money market yield curve and thus, potentially, the proper functioning of the interest rate channel of monetary policy transmission. Therefore, we analyze the effectiveness of monetary policy in steering euro area money market rates using two...
Persistent link: https://www.econbiz.de/10009640767
Cover Image
Forecasting ECB monetary policy: accuracy is (still) a matter of geography
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
Monetary policy in the euro area is conducted within a multi-country, multicultural, and multi-lingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the ECB? Using a...
Persistent link: https://www.econbiz.de/10011604624
Cover Image
Monetary policy in the media
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
Media coverage of monetary policy actions is a central channel of a central bank’s communication with the wider public, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB monetary policy decisions receive in the print media,...
Persistent link: https://www.econbiz.de/10011604725
Cover Image
Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the best and worst-performers...
Persistent link: https://www.econbiz.de/10011604741