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This paper examines the effect of government ideology on monetary policy in a quarterly data set of 15 OECD countries … for central bank independence and government ideology. The results suggest that leftist governments did not decrease short … delegating monetary policy to conservative central bankers. -- Monetary policy ; Taylor rule ; government ideology ; partisan …
Persistent link: https://www.econbiz.de/10003824728
This paper examines whether government ideology has influenced monetary policy in OECD countries. We use quarterly data … time-variant index of central bank independence with government ideology. The results show that leftist governments have … policy to conservative central bankers. -- Monetary policy ; Taylor rule ; government ideology ; partisan politics ; central …
Persistent link: https://www.econbiz.de/10009580361
This paper examines whether government ideology has influenced monetary policy in OECD countries. We use quarterly data … time-variant index of central bank independence with government ideology. The results show that leftist governments have …
Persistent link: https://www.econbiz.de/10013112821
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 …
Persistent link: https://www.econbiz.de/10012890199
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 …
Persistent link: https://www.econbiz.de/10011986076
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 …
Persistent link: https://www.econbiz.de/10011993466
This paper examines the effect of government ideology on monetary policy in a quarterly data set of 15 OECD countries … for central bank independence and government ideology. The results suggest that leftist governments did not decrease short …
Persistent link: https://www.econbiz.de/10014209216
I construct a quarterly dataset on political pressure faced by 118 central banks from 2010 to 2018 using country-level reports. I code whether each central bank is reportedly succumbing to pressure, resisting pressure, or not facing pressure. About 10% of central banks reportedly face political...
Persistent link: https://www.econbiz.de/10012911739
This paper combines new data and a narrative approach to identify shocks to political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not...
Persistent link: https://www.econbiz.de/10014544739
This paper examines the effect of government ideology on monetary policy in a quarterly data set of 15 OECD countries … for central bank independence and government ideology. The results suggest that leftist governments did not decrease short …
Persistent link: https://www.econbiz.de/10010265771