Berger, Helge; Hefeker, Carsten - In: Journal of Economic Integration 20 (2005), pp. 672-687
policy implications for EMU enlargement and ECB restructuring. …The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary …