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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

Asymmetric transmission of monetary policy : what should the ECB do if one size does not fit all?

Gros, Daniel; Hefeker, Carsten - In: European monetary integration, (pp. 45-63). 2004

Persistent link: https://www.econbiz.de/10002379549

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

One size must fit all : national divergences in a monetary union

Gros, Daniel; Hefeker, Carsten - In: German economic review 3 (2002) 3, pp. 247-262

Persistent link: https://www.econbiz.de/10001688356

EMU enlargement, policy uncertainty and economic reforms

Hefeker, Carsten (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364637

EMU enlargement, policy uncertainty and economic reforms : presented at CESifo Area Conference on Macro, Money & International Finance, July 2006

Hefeker, Carsten - 2006

The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this...

Persistent link: https://www.econbiz.de/10003366055

The monetary policy consequences of enlargement : enlargement of the Euro Area (Focus)

Hefeker, Carsten - In: CESifo forum : a bi-monthly journal on European … 7 (2006) 4, pp. 29-34

Persistent link: https://www.econbiz.de/10003402022

One country, one vote? : Labor market structure and voting rights in the ECB

Berger, Helge; Hefeker, Carsten - In: Journal of economic integration 20 (2005) 4, pp. 672-687

Persistent link: https://www.econbiz.de/10003261850

One Size Must Fit All : National Divergences in a Monetary Union

Gros, Daniel; Hefeker, Carsten - 2003

Should a common central bank in a heterogeneous monetary union base its decisions on EU-wide averages of economic variables or on national welfare losses? A central bank that minimizes the sum of national welfare losses reacts less to common shocks. Under certain parameter constellations this...

Persistent link: https://www.econbiz.de/10014112943

One Country, One Vote? Labor Market Structure and Voting Rights in the ECB

Berger, Helge; Hefeker, Carsten - 2021

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/10013319361