Bernoth, Kerstin; Hagen, Jürgen von; Schuknecht, Ludger - 2004
/Leuven Summer School 2003, Stefan Gerlach, and Roel Beetsma for
helpful comments. Kerstin Bernoth thanks the members of the ECB …, Indiana University, and CEPR. E-mail address: vonhagen@uni-bonn.de.
4 European Central Bank, E-mail address: ludger.schuknecht@ecb ….int.
This paper can be downloaded without charge from
http://www.ecb.int or from the Social Science Research Network …