One country, one vote?
Berger, Helge ;  Hefeker, Carsten ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleOne country, one vote?
SubtitleLabor market structure and voting rights in the ECB
AuthorBerger, Helge
AuthorHefeker, Carsten
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages18 S.
Series ; 2004,10 : Volkswirtschaftliche Reihe
Keywordsmonetary policy, wage setting, European Monetary Union, European Central Bank, euro area, ECB reform, EMU enlargement, accession countries
Classification (DDC)330 Economics
Also published in
AbstractThe pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a voting scheme based purely on economic size can be beneficial. Preliminary evidence on unemployment and voting rights in the ECB council seems broadly in line with this idea. We also point to possible policy implications for EMU enlargement and ECB restructuring.
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FU DepartmentDepartment Business and Economics
Year of publication2004
Type of documentBook
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Created at2008-07-02 : 08:52:48
Last changed2016-01-05 : 02:38:03
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000000430