Who supported the Deutsche Bundesbank?: An empirical investigation
AbstractAbstract The relevance of public support for monetary policy has largely been overlooked in the empirical central bank literature. We have constructed a new indicator for the support of the German Bundesbank and present descriptive and empirical evidence. We nd that major German interest groups were quite heterogeneous in judging a given policy stance. Empirically, we show that (a) public support can (at least partly) oset pressure from other organized groups and (b) accounting for popular support of the central bank allows to make more accurate forecasts of the short-term interest rate.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Policy Modeling.
Volume (Year): 24 (2002)
Issue (Month): 9 (December)
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Web page: http://www.elsevier.com/locate/inca/505735
Other versions of this item:
- Maier, Philipp & Knaap, Thijs, 2001. "Who supported the Deutsche Bundesbank? : an empirical investigation," CCSO Working Papers 200108, University of Groningen, CCSO Centre for Economic Research.
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Forza Draghi!
by Thijs in eco.nomie.nl on 2011-02-10 22:30:23
- Nee is nee
by Thijs in eco.nomie.nl on 2010-06-17 09:19:33
- Pierre-Guillaume Méon & Geoffrey Minne, 2011. "Mark my Words: Information and the Fear of Declaring one’s Exchange Rate Regime," Working Papers CEB 11-040, ULB -- Universite Libre de Bruxelles.
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