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rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization …We analyze the ECB Governing Council's voting procedures. The literature has by now discussed numerous aspects of the …
Persistent link: https://www.econbiz.de/10013142850
rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization …We analyze the ECB Governing Council's voting procedures. The literature has by now discussed numerous aspects of the …
Persistent link: https://www.econbiz.de/10013144620
rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization … separately. -- Euro area ; European Central Bank ; monetary policy ; rotation ; voting rights …We analyze the ECB Governing Council's voting procedures. The literature has by now discussed numerous aspects of the …
Persistent link: https://www.econbiz.de/10003945950
der Eurozone Rechnung. Zentraler Bestandteil dieser Reform ist die Rotation der Stimmrechte innerhalb von vorab … rotation model but does not account for many institutional aspects of the voting procedure of the GC. Using the randomization … separately. -- Euro area ; European Central Bank ; monetary policy ; rotation ; voting rights …
Persistent link: https://www.econbiz.de/10003950863
Persistent link: https://www.econbiz.de/10009629148
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 question. Optimal voting weights reflect two opposing forces: the wish to … passive reaction to idiosyncratic national economic shocks. A perfect match between economic size and voting rights is rarely …
Persistent link: https://www.econbiz.de/10009303502
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … consequences of wage setting, deviating from a voting scheme based purely on economic size can be beneficial. Preliminary evidence … on unemployment and voting rights in the ECB council seems broadly in line with this idea. We also point to possible …
Persistent link: https://www.econbiz.de/10009303509
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 question. Optimal voting weights reflect two opposing forces: the wish to … passive reaction to idiosyncratic national economic shocks. A perfect match between economic size and voting rights is rarely …
Persistent link: https://www.econbiz.de/10013318847
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right … consequences of wage setting, deviating from a voting scheme based purely on economic size can be beneficial. Preliminary evidence … on unemployment and voting rights in the ECB council seems broadly in line with this idea. We also point to possible …
Persistent link: https://www.econbiz.de/10013319361
This article compares two types of monetary policy rules - the Taylor-Rule and the Orphanides-Rule - with respect to their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results from estimated models and augmented rules are compared....
Persistent link: https://www.econbiz.de/10012063951