Belke, Ansgar; Potrafke, Niklas - Rheinisch-Westfälisches Institut für … - 2009
This paper examines the effect of government ideology on monetary policy in a quarterly data set of 15 OECD countries in the period 1980.1–2005.4. Our Taylor-rule specification focuses on the interactions of a new time-variant indicator for central bank independence and government ideology....