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Bankers, Bureaucrats, and Central Bank Politics : The Myth of Neutrality

ISBN: 9781107032613 | 110703261X
Format: Hardcover
Publisher: Cambridge Univ Pr
Pub. Date: 4/30/2013

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SummaryTable of Contents
Adolph illustrates the policy differences between central banks run by former bankers relative to those run by bureaucrats.

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... MORE
Agents, institutions, and the political economy of performance
Career theories of monetary policy
Careers and inflation in industrial democracies
Careers and the monetary policy process
Careers and inflation in developing countries
The uses of autonomy: what independence really means.
Partisan governments, labor unions, and monetary policy
The politic... MORE
The politics of central banker tenure
Conclusion: the dilemma of discretion
Table of Contents provided by Publisher. All Rights Reserved.


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