One country, one vote?

Helge Berger & Carsten Hefeker
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....
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.