Inflation Differentials in the Euro Area: A Survey -- The ECB’s Monetary Analysis Revisited -- Euro Area Monetary Policy in Uncharted Waters -- The Communication Policy of the European Central Bank: An Overview of the First Decade -- Governance and Monetary Policy Decision-Making at the ECB --...

This volume is based on papers delivered at the second CESifo-Delphi Conferences (Munich, November 2003, and Delphi, June 2004), which are jointly organized by CESifo and the Department of International and European Economic Studies of the Athens University of Economics and Business. The...

The "conservative central banker" has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...