IDEAS home Printed from https://ideas.repec.org/a/vep/journl/y2004v112i3p277-305.html
   My bibliography  Save this article

Indipendenza della Banca Centrale e democrazia: una contraddizione apparente

Author

Listed:
  • Maria Olivella RIZZA

    (Dipartimento di Economia del Territorio, Università di Cassino)

Abstract

Since Rogoff theorised it, central bank independence has been analysed almost exclusively with the tools of economic science, leading some economists to highlight a contradiction between independence and democracy. Recent contributions introducing political science tools have proposed a rationalisation of monetary conduct in which this contradiction does not hold. This article examines the contributions to the debate of Blinder, Stiglitz and Cama e Pittaluga, whose implicit positions on the neutrality of monetary policy are made explicit. It shows that Central Bank independence can be endorced even if neutrality is not agreed and suggests that independence is to be ascribed in different forms and degrees.

Suggested Citation

  • Maria Olivella RIZZA, 2004. "Indipendenza della Banca Centrale e democrazia: una contraddizione apparente," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 112(3), pages 277-305.
  • Handle: RePEc:vep:journl:y:2004:v:112:i:3:p:277-305
    as

    Download full text from publisher

    File URL: http://riss.vitaepensiero.it/scheda-articolo_digital/maria-olivella-rizza/indipendenza-della-banca-centrale-e-democrazia-una-contraddizione-apparente-000518_2004_0003_0041-150795.html
    Download Restriction: Yes

    More about this item

    Keywords

    Central Banks; democracy; independence; neutrality of monetary policy.;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vep:journl:y:2004:v:112:i:3:p:277-305. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vep - Vita e Pensiero). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.