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Hefeker, Carsten - 2001

What is the optimal institutional structure for an independent central bank? The paper shows when it will be optimal for a country to have a central bank to be organized according to federal, purely national or a combination of both aspects. The analysis is then extended to a supranational...

Persistent link: https://www.econbiz.de/10011398004

Politics from the bench? : ideology and strategic voting in the U.S. supreme court

Clark, Tom S.; Montagnes, B. Pablo; Spenkuch, Jörg L. - 2018

Supreme Court justices often vote along ideological lines. Is this due to a genuinely different interpretation of the law, or does it reflect justices' desire to resolve politically charged legal questions in accordance with their personal views? To learn more about the nature of decision-making...

Persistent link: https://www.econbiz.de/10011919377

Electoral externalities in federations : evidence from German opinion polls

Frei, Xenia; Langer, Sebastian; Lehmann, Robert; … - 2017 - This version: February 20, 2017

state of Berlin and the federal level in Germany. State voting intentions for the state and for the federal parliament are …

Persistent link: https://www.econbiz.de/10011615805

Does federalism affect e-government in Germany?

Bartholomae, Florian W.; Nam, Chang-woon; Steinhoff, Peter - 2023

International comparisons show that the reasons why e-government development in Germany does not occupy the desired … orientation. In order to provide better and faster public services in Germany, the Online Access Act was introduced in 2017, which … 2022. However, this deadline has not been met. This study suggests that Germany's federal political structure is …

Persistent link: https://www.econbiz.de/10013540686

Preaching to the agnostic : inflation reporting can increase trust in the Central Bank but only among people with weak priors

Hayo, Bernd; Méon, Pierre-Guillaume - 2023

Using a randomized controlled trial, we study whether showing German respondents a graph plotting the European Central Bank's inflation target alongside inflation in the euro area from 1999 to 2017 affects respondents' trust in the ECB. The treatment has, on average, no significant effect on the...

Persistent link: https://www.econbiz.de/10014338856

Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey

Hamella, Sandra; Haan, Jakob de - 2004

This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...

Persistent link: https://www.econbiz.de/10011399168

The transmission of German monetary policy in the pre-Euro period

Lütkepohl, Helmut; Wolters, Jürgen - 2001

A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the...

Persistent link: https://www.econbiz.de/10011400913

Monetary policy crisis management as a threat to economic order

Freytag, Andreas; Schnabl, Gunther - 2017

order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and … Müller-Armack (1966) has been a core element of growth, welfare, social cohesion and political stability in Germany and …) growth and welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a …

Persistent link: https://www.econbiz.de/10011611212

Does institutional change really matter? : inflation targets, central bank reform and interest rate policy in the OECD countries

Muscatelli, V. Anton; Tirelli, Patrizio; Trecroci, Carmine - 2000

We estimate forward-looking interest-rate reaction functions for the G3 economies and for a group of countries which recently adopted inflation targets. Some significant shifts in the conduct of monetary policy are detected in the G3 countries, especially in the US A and Japan. In contrast with...

Persistent link: https://www.econbiz.de/10009781553

Does conservatism matter? : a time series approach to central banking

Berger, Helge; Woitek, Ulrich - 1999

The empirical literature on central banking has found measures of central bank independence/conservatism to be negatively correlated with inflation and inflation variance across countries. But the cross-country approach has been criticised for its focus on policy outcomes instead of policies,...

Persistent link: https://www.econbiz.de/10009781685