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 …

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 …

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 … separately. -- Euro area ; European Central Bank ; monetary policy ; rotation ; voting rights …

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 … separately. -- Euro area ; European Central Bank ; monetary policy ; rotation ; voting rights …

apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to … passive reaction to idiosyncratic national economic shocks. A perfect match between economic size and voting rights is rarely …

The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … consequences of wage setting, deviating from a voting scheme based purely on economic size can be beneficial. Preliminary evidence … on unemployment and voting rights in the ECB council seems broadly in line with this idea. We also point to possible …

apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to … passive reaction to idiosyncratic national economic shocks. A perfect match between economic size and voting rights is rarely …

The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … consequences of wage setting, deviating from a voting scheme based purely on economic size can be beneficial. Preliminary evidence … on unemployment and voting rights in the ECB council seems broadly in line with this idea. We also point to possible …

exit does not require new negotiations as the success of a voting initiative only depends on the number and total …