Arbeitspapier
EMU enlargement, policy uncertainty and economic reforms
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1767
- Klassifikation
-
Wirtschaft
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Monetary Policy
Central Banks and Their Policies
International Monetary Arrangements and Institutions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hefeker, Carsten
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Hefeker, Carsten
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2006
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