We compare the convergence with German monetary policy of the Balkan and Mediterranean country candidates for EU membership with that of countries that have recently joined the EU. Significant linkages exist between German base money stock and that of recent members of the EU; the same holds...

Using a randomized controlled trial, we study whether showing German respondents a graph plotting the European Central Bank's inflation target alongside inflation in the euro area from 1999 to 2017 affects respondents' trust in the ECB. The treatment has, on average, no significant effect on the...

This paper analyses the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve (Fed) for the period 1999-2006. Two models are specified: a partial Vector Error Correction Model (VECM) and a general VECM. In the partial VECM, we look for a long-run...

Im Grunde möchte man diesem Buch eine weite Verbreitung wünschen: Es behandelt nicht nur die bisherige Politik der Europäischen Zentralbank eingehend und mit Vergleichen zur Politik anderer Zentralbanken (z.B. der Bundesbank), es werden auch breit volkswirtschaftliche Theorien des Geldes, der...