Policy Uncertainty and Economic Reforms in a Monetary Union-Reference-Cited by-同舟云学术

Policy Uncertainty and Economic Reforms in a Monetary Union

Published:2011-08-01 Issue:3 Volume:12 Page:274-285
ISSN:1468-0475
Container-title:German Economic Review
language:en
Short-container-title:

Author:

Hefeker Carsten¹²³

Affiliation:

1. University of Siegen, Adolf-Reichwein-Straße 2, Siegen , Germany

2. HWWI, Oberhafenstraße 1, Hamburg , Germany

3. CESifo, Munich , Germany

Abstract

Abstract The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms in order to reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank’s behavior leads to more reforms. I relate this result to the debate about central bank structure in a larger European monetary union.

Publisher

Walter de Gruyter GmbH

Subject

Economics and Econometrics

Link

https://www.degruyter.com/document/doi/10.1111/j.1468-0475.2010.00522.x/pdf

Reference35 articles.

1. Optimal Currency Areas;Alesina;NBER Macroeconomics Annual,2002

2. Eastern Enlargment and ECB Reform;Baldwin;Swedish Economic Policy Review,2001

3. The Value of Central Bank Transparency when Agents are Learning;Berardi;European Journal of Political Economy,2007

4. Optimal Central Bank Design;Berger;Review of International Organizations,2006

5. The Employment Effects of Labor and Product Markets Deregulation and their Implications for Structural Reform;Berger;IMF Staff Papers,2007

Cited by 2 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. The Impact of EMU Enlargement on Structural Reforms: A Political Economy Approach;International Advances in Economic Research;2013-12-22

2. The Influence of Central Bank Transparency on Labor Market Regulation;The Manchester School;2012-11-01