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One Country, One Vote?
Helge BergerCarsten Hefeker
其他書名
Labor Market Structure and Voting Rights in the ECB
出版Center for Economic Studies & Ifo Institute for Economic Research, 2004
ISBN39350587999783935058797
URLhttp://books.google.com.hk/books?id=AzKzAgAACAAJ&hl=&source=gbs_api
註釋The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a voting scheme based purely on economic size can be beneficial. Preliminary evidence on unemployment and voting rights in the ECB council seems broadly in line with this idea. We also point to possible policy implications for EMU enlargement and ECB restructuring.