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The Benefits of Central Bank's Political Independence

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Author Info
Gabillon, E.
Martimort, D.
Abstract

This 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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Publisher Info
Paper provided by Toulouse - GREMAQ in its series Papers with number 99.528.

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Length: 35 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:gremaq:99.528

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Related research
Keywords: CENTRAL BANKS ; MONETARY POLICY ; POLITICS;

Find related papers by JEL classification:
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
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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This page was last updated on 2009-12-16.

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