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prices, and creating scope for central bank’s intervention. These findings challenge standard central banks’ practice of …
Persistent link: https://www.econbiz.de/10013315148
This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our … panel models show that the probability that a central bank governor is replaced in a particular year is positively related …. The latter result suggests that the turnover rate of central bank governors (TOR) is a poor indicator of central bank …
Persistent link: https://www.econbiz.de/10013316991
Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand … unprecedented government bailout of the central bank, and resulted in loss of shareholder control over the central bank. …
Persistent link: https://www.econbiz.de/10014290136
. Events are discussed in light of Peter Bernholz's requirements for stable money and a successful central bank …
Persistent link: https://www.econbiz.de/10012860575
Central bank independence (CBI) is a very important precondition for price stability. However, the empirical evidence …
Persistent link: https://www.econbiz.de/10013317032
High-frequency changes in interest rates around FOMC announcements are a standard method of measuring monetary policy shocks. However, some recent studies have documented puzzling effects of these shocks on private-sector forecasts of GDP, unemployment, or inflation that are opposite in sign to...
Persistent link: https://www.econbiz.de/10012839776
This paper examines how managers at the top of a public institution, central bank executives, allocate their working … time. Using detailed information from personal diaries of the six members of the European Central Bank’s Executive Board …
Persistent link: https://www.econbiz.de/10012892122
The European Central Bank (ECB) took many measures to combat the eurozone’s rolling financial crisis. For providing …
Persistent link: https://www.econbiz.de/10012892183
that the central bank is signaling by its policy may explain the abnormality. It turns out that many informational …
Persistent link: https://www.econbiz.de/10012822502
This paper examines the role of central bank governors in monetary policy decisions taken by a committee. To carry out …
Persistent link: https://www.econbiz.de/10012861451