Divided boards: Partisanship through delegated monetary policy
AbstractWhile monetary policy decisions are mainly taken by Committees (as is the case for the ECB, or for the Federal Reserve), the literature largely stands on the …ction of a single central banker, be it (or not) a conservative one. The purpose here is to consider explicitly the plural dimension of monetary policy Boards, and to investigate the consequences of such a decision structure for monetary policy rules. --
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Bibliographic InfoPaper provided by ZEI - Center for European Integration Studies, University of Bonn in its series ZEI Working Papers with number B 01-2001.
Date of creation: 2001
Date of revision:
Partisan Theory; Policy Boards; Monetary Union;
Find related papers by JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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