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Central bank's retained profits and discount windows : a bureaucratic organization's discretion-seeking hypothesis

Kim, Il-joong; Kim, Inbae - In: Emerging markets finance & trade : a journal of the … 49 (2013) 3, pp. 84-102

Persistent link: https://www.econbiz.de/10010200842

Bureaucratic Delegation and Political Institutions : When Are Independent Central Banks Irrelevant?

Keefer, Philip - 1999

reports new theory and tests related to delegation of monetary policy to an independent central bank. The authors find that …

Persistent link: https://www.econbiz.de/10010524515

Un modèle de comportement bureaucratique de la banque centrale : le cas de la BCEAO

N'Guessan, Tchétché - In: Revue économique : revue bimestrielle 42 (1991) 5, pp. 901-915

Persistent link: https://www.econbiz.de/10001111319

Discretion Rather than Rules : Choice of Instruments to Control Bureaucratic Policy Making

Gailmard, Sean - 2010

In this paper I investigate the trade-off a legislature faces in the choice of instruments to ensure accountability by bureaucrats with private information. The legislature can either design a state-contingent incentive scheme or “menu law” to elicit the bureau's information or it can simply...

Persistent link: https://www.econbiz.de/10013151463

Bureaucratic Delegation and Political Institutions : When are Independent Central Banks Irrelevant?

Keefer, Philip; Stasavage, David - 2004

theory and tests related to delegation of monetary policy to an independent central bank. The authors find that delegation …

Persistent link: https://www.econbiz.de/10014130509

Central Bankers, Bureaucratic Incentives, and Monetary Policy

Toma, Eugenia Froedge - 1986

the Problems of Control -- 6. The Choice of Monetary Instruments and the Theory of Bureaucracy -- 7. Bureaucratic Theory … Financing and Bureaucratic Rents -- 2. Monetary Policy: Theory and Practice -- 3. Inflationary Bias of the Federal Reserve … not tried to present a theory of why the Fed behaves the way it does. The dominant theory of Fed behavior is that the Fed …