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This paper analyses the impact of the monetary regime change from the Bundesbank to the ECB in 1999 on inflation expectations. In the theoretical part, the Barro-Gordon model is used to derive the potential effect of a new central bank on inflation, inflation expectations and forecast errors....
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Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to … estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …
Persistent link: https://www.econbiz.de/10000683878
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Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to … estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …
Persistent link: https://www.econbiz.de/10011442384
in the Eurozone. It is the aim of this paper to assess the likely degree of capital mobility in the FH sense within EMU …
Persistent link: https://www.econbiz.de/10011442627
ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …
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