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Macroeconomic Policy Design in the European Monetary Union: A Numerical Game Approach

✍ Scribed by Reinhard Neck; Gottfried Haber; Warwick J. McKIBBIN


Book ID
110247320
Publisher
Springer US
Year
1999
Tongue
English
Weight
96 KB
Volume
26
Category
Article
ISSN
0340-8744

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## Abstract In this paper we analyse the ESCB as a federal central bank system. First, the degree of decentralization of the ESCB will be briefly compared with its predecessor, the Deutsche Bundesbank, and its counterweight in the US, the Federal Reserve System. Moreover, the development during the