The benefits of central bank's political independence
AbstractThis paper analyzes the relationship between a central banker and his partisan political principals. Incentive contracts for central bankers are not designed by social planners but by partisan political principals who obey to their own incentives.
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Bibliographic InfoArticle provided by Elsevier in its journal European Economic Review.
Volume (Year): 48 (2004)
Issue (Month): 2 (April)
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Web page: http://www.elsevier.com/locate/eer
Other versions of this item:
- Gabillon, E. & Martimort, D., 1999. "The Benefits of Central Bank's Political Independence," Papers 99.528, Toulouse - GREMAQ.
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
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- Poomjai Nacaskul & Kritchaya Janjaroen & Suparit Suwanik, 2012. "Economic Rationales for Central Banking: Historical Evolution, Policy Space, Institutional Integrity, and Paradigm Challenges," Working Papers 2012-04, Economic Research Department, Bank of Thailand.
- Esteban Colla De Robertis & Last: Colla De Robertis, 2010. "Monetary Committee Size and Special Interest Influence," Documentos de InvestigaciÃ³n - Research Papers 2, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
- Dumiter Florin Cornel, 2012. "Empirical Approach Upon The Relationship Between Central Bank Independence And Inflation In Developed And Developing Countries," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 803-808, July.
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