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Why Countries Matter for Monetary Policy Decision-Making in the ESCB


  • Bernd Hayo
  • Pierre-Guillaume Méon


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Suggested Citation

  • Bernd Hayo & Pierre-Guillaume Méon, 2012. "Why Countries Matter for Monetary Policy Decision-Making in the ESCB," ULB Institutional Repository 2013/130369, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:ulb:ulbeco:2013/130369

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    References listed on IDEAS

    1. Pierre-Guillaume Méon, 2008. "Majority voting may not rule in monetary unions: a comment on Matsen and Roisland," ULB Institutional Repository 2013/8356, ULB -- Universite Libre de Bruxelles.
    2. Carsten Hefeker, 2003. "Federal Monetary Policy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(4), pages 643-659, December.
    3. Hayo, Bernd & Méon, Pierre-Guillaume, 2013. "Behind closed doors: Revealing the ECB's decision rule," Journal of International Money and Finance, Elsevier, vol. 37(C), pages 135-160.
    4. Helge Berger & Thomas Moutos (ed.), 2004. "Managing European Union Enlargement," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262025612, January.
    5. Sousa, Pedro, 2009. "Do ECB Council Decisions represent always a Real Euro Consensus?," Working Papers 9/2009, Universidade Portucalense, Centro de Investigação em Gestão e Economia (CIGE).
    6. Jan-Egbert Sturm & Timo Wollmershäuser, 2008. "The Stress of Having a Single Monetary Policy in Europe," CESifo Working Paper Series 2251, CESifo Group Munich.
    7. repec:dau:papers:123456789/7683 is not listed on IDEAS
    8. Bernd Hayo & Boris Hofmann, 2006. "Comparing monetary policy reaction functions: ECB versus Bundesbank," Empirical Economics, Springer, vol. 31(3), pages 645-662, September.
    9. Gruner, Hans Peter & Kiel, Alexandra, 2004. "Collective decisions with interdependent valuations," European Economic Review, Elsevier, vol. 48(5), pages 1147-1168, October.
    10. Alessandro Riboni & Francisco J. Ruge-Murcia, 2010. "Monetary Policy by Committee: Consensus, Chairman Dominance, or Simple Majority?," The Quarterly Journal of Economics, Oxford University Press, vol. 125(1), pages 363-416.
    11. Pierre-Guillaume Méon & Etienne Farvaque & Norimichi Matsueda, 2009. "How committees impact the volatility of policy rates," ULB Institutional Repository 2013/13608, ULB -- Universite Libre de Bruxelles.
    12. Harald Badinger & Volker Nitsch, 2011. "National Representation in Multinational Institutions: The Case of the European Central Bank," CESifo Working Paper Series 3573, CESifo Group Munich.
    13. Gildea, John A, 1992. "The Regional Representation of Federal Reserve Bank Presidents," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(2), pages 215-225, May.
    14. John B. Taylor, 2009. "Getting Off Track - How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis," Books, Hoover Institution, Stanford University, number 3, December.
    15. Bernd Hayo, 2003. "European monetary policy: Institutional design and policy experience," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 38(4), pages 209-218, July.
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    More about this item


    European Central Bank; Monetary Policy Committee; Decision rules;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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