Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25812
Authors: 
Hefeker, Carsten
Year of Publication: 
2006
Series/Report no.: 
CESifo working paper 1767
Abstract: 
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 result to the debate about central bank setup in a larger monetary union.
JEL: 
D72
E52
E58
F33
Document Type: 
Working Paper

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