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Can I read Die Geldpolitik der EZB: Spielt die Nationalität der Notenbanker (k)eine Rolle? on EtoBox?
Die Geldpolitik der EZB: Spielt die Nationalität der Notenbanker (k)eine Rolle? by Karsten Mause; Sebastian Panreck is a Social Sciences article available to read on EtoBox.
What is Die Geldpolitik der EZB: Spielt die Nationalität der Notenbanker (k)eine Rolle? about?
Sometimes the suspicion is expressed that ECB Council members, who are committed to political independence, in some cases have voted in such a way that their respective home countries in particular benefitted from the monetary policy decision. This paper is the first to investigate this home-bias allegation using a larger database. The 2015 "Public Sector Purchase Program" (PSPP) serves as a case study. The analysis shows that ECB Council members from highly (lowly) indebted Euro countries tended to be in favor of (against) this government bond purchase program. Though the latter indeed is particularly useful for highly indebted countries, as it reduces the fiscal pressure on them, the paper discusses whether its findings can really be interpreted as empirical evidence for a 'home bias'.
Who reads Die Geldpolitik der EZB: Spielt die Nationalität der Notenbanker (k)eine Rolle??
It is typically read by researchers, students, and practitioners in Social Sciences.
- Author
- Karsten Mause; Sebastian Panreck
- Publisher
- Walter de Gruyter GmbH
- Published
- 2020
- Language
- EN
- Field
- Social Sciences