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Article dans une revue Journal of Common Market Studies Année : 2009

The ECB Governing Council in an Enlarged Euro Area

Résumé

We study the impact of rotating votes in the ECB Governing Council after EMU enlargement, based on national and euro-wide Taylor rules and on a convergence assumption. We find that the rotation system yields monetary policy decisions that are close both to full centralization and to a voting rule without rotations.
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Dates et versions

hal-00634791, version 1 (23-10-2011)

Identifiants

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Agnès Bénassy-Quéré, Edouard Turkisch. The ECB Governing Council in an Enlarged Euro Area. Journal of Common Market Studies, 2009, 47 (1), pp.25-54. ⟨10.1111/j.1468-5965.2008.01832.x⟩. ⟨hal-00634791⟩
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