The History of the Bundesbank: Lessons for the European Central Bank

By Jakob De Haan | Go to book overview
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Contents
List of figuresviii
List of tablesix
List of contributorsx
Prefacexi
Introduction by Jacob de Haanxii
1Introductory remarks on 50 years of the Bundesbank: lessons for the ECB1
ANDRÉ SZÁSZ
2How independent is the Bundesbank really? A survey6
PHILIPP MAIER AND
JAKOB DE HAAN
2.1Introduction6
2.2The institutional setting7
2.3The models9
2.4Some preliminary considerations14
2.5Direct political influence on the Bundesbank19
2.6Indirect influence on the Bundesbank27
2.7Conclusions and suggestions for future research33
Notes39
References40
3The Bundesbank’s reaction to policy conflicts43
HELGE BERGER AND
FRIEDRICH SCHNEIDER
3.1Introduction43
3.2The public choice approach to central banking44
3.3Defining the conflicts46
3.4The Bundesbank’s policy reaction function with conflicts47
3.5Asymmetric policy conflicts: the ‘too conservative’ Bundesbank54

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