The hawks, who believe ECB policy and Eurozone fiscal discipline rules are too lax, thus fuelling inflation.
The doves, who believe ECB policy and Eurozone fiscal discipline rules are too tight, thus underming employment and growth.
Total votes: 30
Learning objectives:
Understanding differences in preferences for economic and monetary policy.
Understanding the concepts of hawks and doves.
Understanding the conflict that arises when adopting a common monetary policy in the Eurozone.
Understanding the conflict that arises when enforcing fiscal policy discipline in the Eurozone.
Understanding decision making inside the ECB, the European Commission and the Eurogroup.
Applying spatial models of voting to the above-mentioned conflicts between hawks and doves and resulting group decisions.
Presentation videos: