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This article advances a reputation‐based account to explain the relative salience that different issues assume in …. Specifically, when these concerns are higher, the Fed is more likely to focus on issues related to areas where its reputation is … related to activities where the Fed's reputation is established are likely to become less salient—that is, issues related to …
Persistent link: https://www.econbiz.de/10012908005
public institu-tions, are significantly vulnerable to such reputation risk due to theirmandate for policy decisions and … implementation. Thus, this studyaims to formulate a barometer that quantifies the reputation score ofcentral banks. The Central Bank … Reputation (CBR) score is derivedbased on the respondents’ responses to a questionnaire that includestwelve attributes and twenty …
Persistent link: https://www.econbiz.de/10014566384
"This paper studies the effects of monetary policy rules in a monetary union. The focus of the analysis is on the interaction between the fiscal policy of member countries (regions) and the central monetary authority. When capital markets are integrated, the fiscal policy of one country will...
Persistent link: https://www.econbiz.de/10003867072
This paper studies monetary and fiscal policies in the euro area. It discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the German government, and the French government. As...
Persistent link: https://www.econbiz.de/10003554534
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