{"id":"https://openalex.org/W3123085010","doi":null,"title":"A State within the State? An Event Study on the Bundesbank","display_name":"A State within the State? An Event Study on the Bundesbank","publication_year":1997,"publication_date":"1997-01-01","ids":{"openalex":"https://openalex.org/W3123085010","mag":"3123085010"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ces:ceswps:_131","doi":null,"is_oa":false,"landing_page_url":"https://www.ifo.de/DocDL/WP131.PDF","pdf_url":"https://www.ifo.de/DocDL/WP131.PDF","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037136506","display_name":"Helge Berger","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Helge Berger","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5049827825","display_name":"Jakob de Haan","orcid":"https://orcid.org/0000-0002-5504-9448","observed_orcids":["https://orcid.org/0000-0002-5504-9448"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jakob de Haan","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-5504-9448","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9452999830245972,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9452999830245972,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13389","display_name":"German Economic Analysis & Policies","score":0.027699999511241913,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.012400000356137753,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/deutsche-bundesbank","display_name":"Deutsche Bundesbank","score":0.984000027179718},{"id":"https://openalex.org/keywords/central-bank-independence","display_name":"central bank independence","score":0.9959999918937683},{"id":"https://openalex.org/keywords/federalism","display_name":"federalism","score":0.8169999718666077},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.746999979019165},{"id":"https://openalex.org/keywords/interest-rate-policy","display_name":"interest rate policy","score":0.9070000052452087},{"id":"https://openalex.org/keywords/exchange-rate-policy","display_name":"exchange rate policy","score":0.996999979019165},{"id":"https://openalex.org/keywords/public-opinion","display_name":"public opinion","score":0.6060000061988831},{"id":"https://openalex.org/keywords/political-instability","display_name":"political instability","score":0.9929999709129333},{"id":"https://openalex.org/keywords/west-germany","display_name":"West Germany","score":0.47699999809265137}],"concepts":[{"id":"https://openalex.org/C35651441","wikidata":"https://www.wikidata.org/wiki/Q625303","display_name":"Independence (probability theory)","level":2,"score":0.6829538345336914},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.5644407868385315},{"id":"https://openalex.org/C198082294","wikidata":"https://www.wikidata.org/wiki/Q3399648","display_name":"Position (finance)","level":2,"score":0.5546412467956543},{"id":"https://openalex.org/C48103436","wikidata":"https://www.wikidata.org/wiki/Q599031","display_name":"State (computer science)","level":2,"score":0.5427899360656738},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.5221245884895325},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4889899492263794},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.4840914011001587},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4396042823791504},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.37985411286354065},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.35423147678375244},{"id":"https://openalex.org/C138921699","wikidata":"https://www.wikidata.org/wiki/Q47555","display_name":"Political economy","level":1,"score":0.3477875888347626},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.34008634090423584},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1229313313961029},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.11091771721839905},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:ces:ceswps:_131","doi":null,"is_oa":false,"landing_page_url":"https://www.ifo.de/DocDL/WP131.PDF","pdf_url":"https://www.ifo.de/DocDL/WP131.PDF","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3123085010","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:ces:ceswps:_131","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:hdl:10068/207501","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10068/207501","pdf_url":null,"source":{"id":"https://openalex.org/S4377196900","display_name":"OpenGrey (Institut de l'Information Scientifique et Technique)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1295345811","host_organization_name":"Institut de l'Information Scientifique et Technique","host_organization_lineage":["https://openalex.org/I1295345811"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"I - Miscellaneous"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.8046000003814697}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2066297569","https://openalex.org/W1546075766","https://openalex.org/W2059951801","https://openalex.org/W2151779064","https://openalex.org/W1493845151","https://openalex.org/W1276788629","https://openalex.org/W2143247531","https://openalex.org/W659015032","https://openalex.org/W3122597186","https://openalex.org/W1982128720"],"abstract_inverted_index":{"The":[0,97],"Bundesbank":[1,36,70,86,98,171,193,208],"is":[2,135,158,177],"often":[3,172,201],"regarded":[4],"as":[5],"a":[6,23,63,105],"very":[7],"independent":[8],"central":[9,42,184],"bank.":[10],"Its":[11],"formal":[12],"independence":[13,44,186],"does":[14],"not":[15,195],"imply,":[16],"however,":[17],"that":[18,51,83,137,178,188,213],"the":[19,32,35,47,66,69,78,85,93,100,113,119,128,132,144,161,164,167,170,179,189,192,207],"BuBa":[20,145],"operates":[21],"in":[22,31,46,65,95,118,138,160,203],"political":[24,59],"vacuum.":[25],"This":[26],"paper":[27,120],"analyses":[28],"certain":[29],"periods":[30],"history":[33],"of":[34,41,68,72,81,107,127,131,163,169,211],"taking":[37],"into":[38],"account":[39],"determinants":[40,54],"bank":[43,185],"outlined":[45],"literature.":[48],"We":[49],"conclude":[50],"many":[52],"such":[53],"(notably":[55],"public":[56],"opinion":[57],"and":[58,99,191],"instability)":[60],"played":[61],"indeed":[62],"role":[64],"making":[67],"Law":[71],"1957.":[73],"Still,":[74],"it":[75,214],"was":[76],"mainly":[77],"unresolved":[79],"issue":[80],"federalism":[82],"helped":[84],"to":[87,153],"save":[88],"its":[89,148],"autonomy":[90],"granted":[91],"by":[92],"Allies":[94],"1948.":[96],"federal":[101,165],"government":[102,190],"had":[103],"quite":[104],"number":[106],"conflicts":[108,139],"about":[109,140],"monetary":[110],"policy":[111,143],"during":[112],"1960s,":[114],"which":[115,157,205],"are":[116],"analysed":[117],"tapping":[121],"various":[122],"sources,":[123],"including":[124],"unpublished":[125],"minutes":[126],"Governing":[129],"Council":[130],"Bundesbank.":[133],"It":[134],"concluded":[136],"interest":[141],"rate":[142,155],"always":[146],"got":[147],"way.":[149],"Even":[150],"with":[151,209],"respect":[152],"exchange":[154],"policy,":[156],"primarily":[159],"realm":[162],"government,":[166],"position":[168],"prevailed.":[173],"Another":[174],"important":[175],"conclusion":[176],"theory":[180],"on":[181],"(determinants":[182],"of)":[183],"overlooks":[187],"were":[194,200],"two":[196],"monolithic":[197],"entities,":[198],"but":[199],"divided":[202],"themselves,":[204],"provided":[206],"room":[210],"manoeuvre":[212],"skilfully":[215],"exploited.":[216]},"counts_by_year":[],"updated_date":"2026-09-09T07:26:56.047234","created_date":"2021-02-01T00:00:00"}