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We assume that central banks can control inflation so that inflation rates reflect the preferences of the central bank council.The hypothesis to be tested is that these preferences depend on the central bankers' educational and/or professional background. In a panel data analysis for the euro...
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. By comparison with the Fed, the ECB followed a more measured course of action. We use an estimated dynamic general …
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. By comparison with the Fed, the ECB followed a more measured course of action. We use an estimated dynamic general …
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