The ECB Governing Council in an Enlarged Euro Area

被引:6
|
作者
Benassy-Quere, Agnes [1 ]
Turkisch, Edouard [2 ]
机构
[1] CEPII, F-75015 Paris, France
[2] Univ Paris Ouest, Paris, France
关键词
D O I
10.1111/j.1468-5965.2008.01832.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the impact of rotating votes in the ECB Governing Council after EMU enlargement, based on national and euro-wide Taylor rules and on a convergence assumption. We find that the rotation system yields monetary policy decisions that are close both to full centralization and to a voting rule without rotations.
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页码:25 / 53
页数:29
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