Bankers, bureaucrats, and central bank politics :: the myth of neutrality /

"Most studies of the political economy of money focus on the laws protecting central banks from government interference; this book turns to the overlooked people who actually make monetary policy decisions. Using formal theory and statistical evidence from dozens of central banks across the dev...

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Bibliographische Detailangaben
1. Verfasser: Adolph, Christopher, 1976- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: New York : Cambridge University Press, 2013.
Schriftenreihe:Cambridge studies in comparative politics.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:"Most studies of the political economy of money focus on the laws protecting central banks from government interference; this book turns to the overlooked people who actually make monetary policy decisions. Using formal theory and statistical evidence from dozens of central banks across the developed and developing worlds, this book shows that monetary policy agents are not all the same. Molded by specific professional and sectoral backgrounds and driven by career concerns, central bankers with different career trajectories choose predictably different monetary policies. These differences undermine the widespread belief that central bank independence is a neutral solution for macroeconomic management. Instead, through careful selection and retention of central bankers, partisan governments can and do influence monetary policy - preserving a political trade-off between inflation and real economic performance even in an age of legally independent central banks."--Provided by publisher
Beschreibung:1 online resource (xxiii, 357 pages) : illustrations
Bibliographie:Includes bibliographical references (pages 319-342) and index.
ISBN:9781139616812
1139616811
9781139626118
1139626116
9781139622394
1139622390
9781139506762
1139506765
9781139613095
113961309X

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