Browsing by Subject "central bank independence"

Now showing items 1-2 of 2

    • Inflation, Government Transfers, and Optimal Central Bank Independence 
      Weymark, Diana N. (Vanderbilt University, 2005)
      The problem of monetary policy delegation is formulated as a two-stage non-cooperative game between the government and the central bank. The solution to this policy game determines the optimal combination of central bank ...
    • The Cost of Heterogeneity in a Monetary Union 
      Hallett, Andrew Hughes; Weymark, Diana N. (Vanderbilt University, 2001)
      In this paper, we explore whether heterogeneity among union members could threaten the stability of the EMU. The types of heterogeneity we consider are (1) asymmetries in the transmission of monetary and fiscal policies, ...