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Carlo Strub
Former Member
Title
Prof. Dr.
Last Name
Strub
First name
Carlo
Phone
+41 71 224 2753
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PublicationCentral Bank Design with Heterogenous AgentsWe study alternative institutional arrangements for the determination of monetary policy in a general equilibrium model with heterogeneous agents, where monetary policy has redistributive effects. Inflation is determined by a policy board using either simple-majority voting, supermajority voting, or bargaining. We compare the equilibrium inflation rates to the first-best allocation.Type: newspaper articleJournal: European Economic ReviewVolume: 53Issue: 2