Similar Search Results

Monetary policy and the redistribution channel in the euro area

Pekanov, Atanas - 2024

Monetary policy has implicit redistribution effects for households when households are different. This changes the … unique question in the HFCS to calculate the sufficient statistics necessary to evaluate these redistribution channels. For … the euro area the three redistribution channels enhance monetary policy - the effects of one time expansionary monetary …

Persistent link: https://www.econbiz.de/10014545241

Monetary-fiscal interactions and redistribution in small open economies

Motyovszki, Gergö - 2020

Persistent link: https://www.econbiz.de/10012586862

The microfoundation of macroeconomic populism : the effects of economic inequality on public inflation aversion

Kim, Hyunwoo - In: Economics & politics 35 (2023) 1, pp. 65-96

Persistent link: https://www.econbiz.de/10014279824

EMU : Political economic issues and challenges

Hagen, Jürgen von - 2000

Persistent link: https://www.econbiz.de/10001562961

Bank Bailouts and Redistributive Monetary Policy : Voting on Central Bank Independence

Masciandaro, Donato - 2013

In this paper bank bailout rules and central bank independence (CBI) are determined by majority voting. The failure of a bank is socially costly, since bailouts are financed by distortionary taxation. The tax distortion can be reduced via monetization, i.e. lowering CBI; but monetization causes...

Persistent link: https://www.econbiz.de/10013071502

Inflation as redistribution : creditors, workers, policymakers

Bikler, Šimšōn; Nitzan, Jonathan - 2023

' is still a useful category for analysing redistribution in general and inflationary redistribution in particular. …

Persistent link: https://www.econbiz.de/10014252525

Committees and Supermajority Voting : Balancing Commitment and Flexibility

Dal Bo, Ernesto - 2003

can mitigate time inconsistency by introducing a status quo bias. When voting institutions (ie. the committee … of commitment and flexibility preferred by the median voter. A corollary to this provides a theory of why constitutional …

Persistent link: https://www.econbiz.de/10014103729

How should large and small countries be represented in a currency union?

Berger, Helge; Müller, Till - 2004

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...

Persistent link: https://www.econbiz.de/10009303502

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 distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...

Persistent link: https://www.econbiz.de/10009303509

European monetary policy and the ECB rotation model voting power of the core versus the periphery

Belke, Ansgar; Schnurbein, Barbara von - 2010

We analyze the ECB Governing Council’s voting procedures. The literature has by now discussed numerous aspects of the rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization scheme based on the multilinear extension (MLE) of...

Persistent link: https://www.econbiz.de/10010208783