Using the citizen-candidate model, we relate the monetary policy objective to individuals' voting decisions and characterize equilibrium inflation and employment under central bank dependence and independence. We also endogenize the decisions about the labour market distortion and central bank...

We test the effects of different combinations of parties simultaneously holding office in the central and regional governments on regional economic growth. We hypothesize that if such effects indeed exist, they should accrue through total factor productivity (T F P ). Using panel data for the...