Political Economy of the Swiss National Bank:
Political Economy of the Swiss National Bank examines whether there exists any systematic political influence on Swiss monetary policy. A partial adjustment model is used to derive the reaction functions. Models of political business cycles and the theory of legislative control are for the first tim...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Heidelberg
Physica-Verlag HD
1999
|
| Edition: | 1st ed. 1999 |
| Series: | Contributions to Economics
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| Subjects: | |
| Online Access: | BTU01 Volltext |
| Summary: | Political Economy of the Swiss National Bank examines whether there exists any systematic political influence on Swiss monetary policy. A partial adjustment model is used to derive the reaction functions. Models of political business cycles and the theory of legislative control are for the first time applied to the Swiss institutional setting. The inflationary performance of the National Bank is not explained with the legal relationship between the executive branch of government and the central bank. It is interpreted as the result of the structure of the executive (commission government) and the characteristics of the Swiss political market for monetary policy. In empirical tests no indirect political influence, defined as a systematic relationship between fiscal and monetary policy, and no direct political influence from elections, the executive and the legislature can be detected |
| Physical Description: | 1 Online-Ressource (XIV, 270 p) |
| ISBN: | 9783642998119 |
| DOI: | 10.1007/978-3-642-99811-9 |
Staff View
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| edition | 1st ed. 1999 |
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| spelling | Jeitziner, Bruno Verfasser aut Political Economy of the Swiss National Bank by Bruno Jeitziner 1st ed. 1999 Heidelberg Physica-Verlag HD 1999 1 Online-Ressource (XIV, 270 p) txt rdacontent c rdamedia cr rdacarrier Contributions to Economics Political Economy of the Swiss National Bank examines whether there exists any systematic political influence on Swiss monetary policy. A partial adjustment model is used to derive the reaction functions. Models of political business cycles and the theory of legislative control are for the first time applied to the Swiss institutional setting. The inflationary performance of the National Bank is not explained with the legal relationship between the executive branch of government and the central bank. It is interpreted as the result of the structure of the executive (commission government) and the characteristics of the Swiss political market for monetary policy. In empirical tests no indirect political influence, defined as a systematic relationship between fiscal and monetary policy, and no direct political influence from elections, the executive and the legislature can be detected Schweizerische Nationalbank (DE-588)37904-9 gnd rswk-swf Finance, general Macroeconomics/Monetary Economics//Financial Economics Economic Policy Finance Macroeconomics Economic policy Ökonomische Theorie der Politik (DE-588)4043214-2 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Schweizerische Nationalbank (DE-588)37904-9 b Geldpolitik (DE-588)4019902-2 s Ökonomische Theorie der Politik (DE-588)4043214-2 s DE-604 Erscheint auch als Druck-Ausgabe 9783790812091 Erscheint auch als Druck-Ausgabe 9783642998126 https://doi.org/10.1007/978-3-642-99811-9 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Jeitziner, Bruno Political Economy of the Swiss National Bank Schweizerische Nationalbank (DE-588)37904-9 gnd Finance, general Macroeconomics/Monetary Economics//Financial Economics Economic Policy Finance Macroeconomics Economic policy Ökonomische Theorie der Politik (DE-588)4043214-2 gnd Geldpolitik (DE-588)4019902-2 gnd |
| subject_GND | (DE-588)37904-9 (DE-588)4043214-2 (DE-588)4019902-2 (DE-588)4113937-9 |
| title | Political Economy of the Swiss National Bank |
| title_auth | Political Economy of the Swiss National Bank |
| title_exact_search | Political Economy of the Swiss National Bank |
| title_exact_search_txtP | Political Economy of the Swiss National Bank |
| title_full | Political Economy of the Swiss National Bank by Bruno Jeitziner |
| title_fullStr | Political Economy of the Swiss National Bank by Bruno Jeitziner |
| title_full_unstemmed | Political Economy of the Swiss National Bank by Bruno Jeitziner |
| title_short | Political Economy of the Swiss National Bank |
| title_sort | political economy of the swiss national bank |
| topic | Schweizerische Nationalbank (DE-588)37904-9 gnd Finance, general Macroeconomics/Monetary Economics//Financial Economics Economic Policy Finance Macroeconomics Economic policy Ökonomische Theorie der Politik (DE-588)4043214-2 gnd Geldpolitik (DE-588)4019902-2 gnd |
| topic_facet | Schweizerische Nationalbank Finance, general Macroeconomics/Monetary Economics//Financial Economics Economic Policy Finance Macroeconomics Economic policy Ökonomische Theorie der Politik Geldpolitik Hochschulschrift |
| url | https://doi.org/10.1007/978-3-642-99811-9 |
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