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This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board''s size. The empirical relevance of these factors is...
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puzzle of the role played by the nuclear and the extended family in the decision to move …
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This paper surveys decision-making roles of governing bodies of central banks that have formally adopted inflation … internal policy decision-making processes. Internal governance practices differ considerably with regard to the roles and inter …
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