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Populism, Financial Inequality and Central Bank Independence : A Political Economics Approach

Masciandaro, Donato - 2018

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

European Monetary Policy and the ECB Rotation Model – Voting Power of the Core Versus the Periphery

Belke, Ansgar Hubertus - 2010

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 scheme based on the multilinear extension (MLE) of...

Persistent link: https://www.econbiz.de/10013144620

European monetary policy and the ECB rotation model voting power of the core versus the periphery

Belke, Ansgar; Schnurbein, Barbara von - 2010

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 scheme based on the multilinear extension (MLE) of...

Persistent link: https://www.econbiz.de/10010208783

Populism, economic policies and central banking

Agur, Itai; Gnan, Ernest; Masciandaro, Donato; Binder, … - Populism, Economic Policies and Central Banking …; … - 2020

Persistent link: https://www.econbiz.de/10012225066

Managing Expectations

Lindstädt, René; Staton, Jeffrey K. - 2010

Followers of law, politics and business commonly relate stories of individuals who appear to predict an expected self-performance level below what they believe likely. Candidates, attorneys and firms sometimes seem to under-predict their own capacities. Insofar as individuals typically construct...

Persistent link: https://www.econbiz.de/10014047090

Checks and Balances, Private Information, and the Credibility of Monetary Commitments

Keefer, Philip; Stasavage, David - 2004

in the context of different institutions and different degrees of citizen information about government policies. Theory …

Persistent link: https://www.econbiz.de/10014130241

European Monetary Policy and the ECB Rotation Model : Voting Power of the Core Versus the Periphery

Belke, Ansgar Hubertus - 2010

Persistent link: https://www.econbiz.de/10013142850

Free-Riding or Internalizing? An Opportunistic View on Decentralization versus Centralization

Fiorillo, Fabio - 2011

comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … rent-seeking behaviour. Moreover, modelling interregional externalities as a mechanism contributing to lowering the … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …

Persistent link: https://www.econbiz.de/10013130419

Centralization and decentralization in economic policy

Tinbergen, Jan - 1954

Persistent link: https://www.econbiz.de/10000608617

At the central level

Centre for Educational Research and Innovation - 1973

Persistent link: https://www.econbiz.de/10000098083

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