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Structural reforms and the enlargement of monetary union
Hefeker, Carsten - 2000
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10009781545
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One size must fit all : national divergences in a monetary union
Gros, Daniel; Hefeker, Carsten - 2000
What policy objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates of inflation and growth? We find that a central bank that...
Persistent link: https://www.econbiz.de/10009781604
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International effects of euro area forward guidance
Böck, Maximilian; Feldkircher, Martin; Siklos, Pierre L. - 2020
Persistent link: https://www.econbiz.de/10012225241
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One country, one vote? : labor market structure and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … policy implications for EMU enlargement and ECB restructuring. …
Persistent link: https://www.econbiz.de/10011402520
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One country, one vote? : Labor market strukture and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
Persistent link: https://www.econbiz.de/10002074694
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One country, one vote? : labor market structure and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … policy implications for EMU enlargement and ECB restructuring. …
Persistent link: https://www.econbiz.de/10002047404
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One size must fit all national devergences in a monetary union
Gros, Daniel; Hefeker, Carsten - 2000
What political objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates of inflation and growth? We find that a central bank...
Persistent link: https://www.econbiz.de/10001524212
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One country, one vote? : labor market structure and voting rights in the ECB
Berger, Helge; Hefeker, Carsten - 2004
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … policy implications for EMU enlargement and ECB restructuring. -- monetary policy ; wage setting ; European Monetary Union … ; European Central Bank ; euro area ; ECB reform ; EMU enlargement ; accession countries …
Persistent link: https://www.econbiz.de/10009303509
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The role of asset prices in euro area monetary policy : specification and estimation of policy rules and implications for the European Central Bank
Siklos, Pierre L. (contributor); Bohl, Martin T. (contributor) - 2005
This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro area, using both final revised data and real-time data. We are particularly interested in the impact of adding asset prices to the standard Taylor rule specification. Since...
Persistent link: https://www.econbiz.de/10003074618
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Out of the fog? : inflation in an era of ECB policy reversals : in-depth analysis requested by the ECON committee
Siklos, Pierre L. - Europäisches Parlament / Referat Kontrolle der … - 2023
Persistent link: https://www.econbiz.de/10014252253