Cahan, Dodge; Dörr, Luisa; Potrafke, Niklas - 2019
We examine the extent to which government ideology has influenced monetary policy in OECD countries since the 1970s. In … the 1972-2010 period, Taylor rule specifications do not suggest a relationship between government ideology and monetary … policy was, however, associated with government ideology in the 1990s: short-term nominal interest rates were lower under …