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We analyze the ECB Governing Council's voting procedures. The literature has by now discussed numerous aspects of the … rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization …
Persistent link: https://www.econbiz.de/10013144620
We analyze the ECB Governing Council’s voting procedures. The literature has by now discussed numerous aspects of the … rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization …
Persistent link: https://www.econbiz.de/10010208783
We analyze the ECB Governing Council's voting procedures. The literature has by now discussed numerous aspects of the … rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization …
Persistent link: https://www.econbiz.de/10013142850
. In this paper we show analytically how different arrangements could affect the voting behaviour of individual MPC members …
Persistent link: https://www.econbiz.de/10011605116
This paper investigates the relationship between the exchange rate regime and the degree of structural reforms using panel data techniques. We look at a broad sample of countries (the quot;world samplequot;) and also an OECD sample. Our main findings suggest that adopting a fixed exchange rate...
Persistent link: https://www.econbiz.de/10012730067
The paper investigates the link between monetary policy and structural reforms in open economies. We test three hypotheses: (a) the Calmfors hypothesis that the degree of reforms is higher in the case of autonomous policy and lower in the case of commitment, (b) the TINA hypothesis which implies...
Persistent link: https://www.econbiz.de/10012776439
This paper examines myopic, populist policies that guarantee short-term financial protection of the people from the elite without regard for long-term fiscal or monetary distortions. Assuming that citizens are financially heterogeneous, this paper shows that inefficient outcomes can arise when...
Persistent link: https://www.econbiz.de/10012922659
This paper examines whether it is socially desirable for the individual voting records of central bank council members … publication of voting records is beneficial since the government can distinguish central bankers in terms of their preferences and … berücksichtigen, dass sie vielleicht nicht wiedergewählt werden. Die Veröffentlichung der Abstimmung ist somit nützlich, weil die …
Persistent link: https://www.econbiz.de/10011419124
Persistent link: https://www.econbiz.de/10002388984
This paper examines whether it is socially desirable for the individual voting records of central bank council members …-elected. Thus, the publication of voting records is beneficial since the government can distinguish central bankers' ; in terms of …
Persistent link: https://www.econbiz.de/10001558069