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Chapter 18. The Politics of Monetary Policy
Alesina, Alberto; Stella, Andrea - In: Handbook of monetary economics : volume 3, (pp. 1001-1054). 2010
In this paper we critically review the literature on the political economy of monetary policy, with an eye on the questions raised by the recent financial crisis. We begin with a discussion of rules versus discretion. We then examine the issue of the central bank’s independence (CBI) both in...
Persistent link: https://www.econbiz.de/10014025624
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Too small to be independent? : on the influence of ECB monetary policy on interest rates of the EEA countries
Goczek, Łukasz; Partyka, Karol J. - In: Economic modelling 78 (2019), pp. 180-191
Persistent link: https://www.econbiz.de/10012198931
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Policy regimes and the persistence of wage inflation and unemployment
Anderton, Bob - In: The Manchester School 66 (1998) 4, pp. 418-438
Persistent link: https://www.econbiz.de/10001249079
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The anti inflationary influence of corporatist structures and central bank independence : the importance of the hump shaped hypothesis
Marhubi, Fahim Abdula al- - In: Public choice 84 (1995) 1, pp. 153-162
Persistent link: https://www.econbiz.de/10001180824
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Inflation, Central Bank Independence and Corporatism : An Empirical Test
Destefanis, Sergio; Rizza, MariaOlivella - 2012
consensus and cooperation on income distribution, as in Tarantelli’s (1986) index of corporatism, the relationship between … inflation and CBI weakens in the presence of indicators of corporatism. Interestingly, this relationship does not weaken if … allowance is made for indicators of corporatism placing much greater weight on the centralisation of unions or of wage …
Persistent link: https://www.econbiz.de/10014197016
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The impact of central bank independence on political monetary cycles in advanced and developing nations
Alpanda, Sami; Honig, Adam - In: Journal of money, credit and banking : JMCB 41 (2009) 7, pp. 1365-1389
Persistent link: https://www.econbiz.de/10003887151
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Political monetary cycles and a de facto ranking of central bank independence
Alpanda, Sami; Honig, Adam - In: Journal of international money and finance 29 (2010) 6, pp. 1003-1023
Persistent link: https://www.econbiz.de/10009238994
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The changing political economy of inflation
Kaltenthaler, Karl; Anderson, Christopher J. - In: Journal of public policy : JPP 20 (2000) 2, pp. 109-131
Persistent link: https://www.econbiz.de/10001554005
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The Impact of Central Bank Independence on Political Monetary Cycles in Advanced and Developing Nations
Alpanda, Sami - 2014
This paper examines the extent to which monetary policy is manipulated for political purposes during elections. We do not detect political monetary cycles in advanced countries or developing nations with independent central banks. We do find evidence, however, in developing countries that lack...
Persistent link: https://www.econbiz.de/10013071002
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Political Monetary Cycles and a De Facto Ranking of Central Bank Independence
Alpanda, Sami - 2011
Political monetary cycles are less likely to occur in countries with independent central banks. Independent central banks can withstand political pressure to stimulate the economy before elections or finance election-related increases in government spending. Based on this logic and supporting...
Persistent link: https://www.econbiz.de/10012756758