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http://hdl.handle.net/10419/36708
  

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dc.contributor.authorBelke, Ansgaren_US
dc.contributor.authorvon Schnurbein, Barbaraen_US
dc.date.accessioned2010-03-25en_US
dc.date.accessioned2010-07-22T09:28:31Z-
dc.date.available2010-07-22T09:28:31Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36708-
dc.description.abstractWe 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 games, we try to close three of these gaps. First, we integrate specific preferences of national central bank presidents, i.e. their desired interest rates. Second, we address the agenda-setting power of the ECB president. Third, we do not simulate an average of the decisions but look at every relevant point in time separately.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 983en_US
dc.subject.jelD72en_US
dc.subject.jelD78en_US
dc.subject.jelE58en_US
dc.subject.ddc330en_US
dc.subject.keywordEuro areaen_US
dc.subject.keywordEuropean Central Banken_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordrotationen_US
dc.subject.keywordvoting rightsen_US
dc.subject.stwZentralbanken_US
dc.subject.stwAbstimmungsregelen_US
dc.subject.stwReformen_US
dc.subject.stwAbstimmungen_US
dc.subject.stwMachtindexen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwTheorieen_US
dc.titleEuropean monetary policy and the ECB rotation model voting power of the core versus the peripheryen_US
dc.typeWorking Paperen_US
dc.identifier.ppn622661744en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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