Showing 1 - 10 of 24,056
Persistent link: https://www.econbiz.de/10008772514
Persistent link: https://www.econbiz.de/10003778610
Persistent link: https://www.econbiz.de/10003707354
Persistent link: https://www.econbiz.de/10012023889
The concept of solidarity -- Solidarity between the member states -- Committing to stability Committing to stability … -- Law and economic wisdom -- The shift in solidarity -- Contractual change and Central Bank action -- Reconciling the … European Central Bank are its key manifestations. Using solidarity as its lens, the book conceptualises the unity of the member …
Persistent link: https://www.econbiz.de/10012183489
This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental...
Persistent link: https://www.econbiz.de/10009635876
This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...
Persistent link: https://www.econbiz.de/10009635883
A two-country sticky-price model is used to analyse the interactions between fiscal and monetary policy. The role of an u0091activistu0092 fiscal policy as a stabilisation tool is considered and a measure of the welfare gains from international fiscal policy cooperation is derived. It is found...
Persistent link: https://www.econbiz.de/10009635884
This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...
Persistent link: https://www.econbiz.de/10009635885
Price level targeting has been proposed as an alternative to inflation targeting that may confer benefits if a central bank sets policy under discretion, even if societyu0092s loss function is specified in terms of inflation (instead of price level) volatility. This paper demonstrates the...
Persistent link: https://www.econbiz.de/10009635890