Institutional Efficiency in Independent Central Banking: A Communicative Matter?
Download full text from publisher
References listed on IDEAS
- Blundell, Richard & Macurdy, Thomas, 1999. "Labor supply: A review of alternative approaches," Handbook of Labor Economics,in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 27, pages 1559-1695 Elsevier.
- Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, March.
More about this item
KeywordsPolitical economists have traditionally been indifferent to the communicative construction of money and central banking in the public sphere. It does not matter to them whether monetary affairs are rendered as a rational game over the preservation of the value of the currency or; for example; as a morality play. In this paper I will suggest that the very political economy of central bank independence requires a departure from such a practice. I will argue that the communicative articulation of the monetary game is relevant to understand how independent central banks can achieve institutional efficiency; and why they face no tradeoff between institutional efficiency and democratic legitimacy. In particular; I will suggest than an institutionally efficient central bank cannot but act as an agent of communicative empowerment of the audiences that make up its local context of operation.;
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2004-06-22 (All new papers)
- NEP-IFN-2004-06-22 (International Finance)
- NEP-MAC-2004-06-22 (Macroeconomics)
- NEP-MON-2004-06-21 (Monetary Economics)
StatisticsAccess and download statistics
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:bdr:borrec:263. 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: (Clorith Angélica Bahos Olivera). General contact details of provider: http://edirc.repec.org/data/brcgvco.html .
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.