search query: @indexterm CENTRAL BANK INDEPENDENCE / total: 3
reference: 2 / 3
| Author: | Ozkan, F.G. |
| Title: | Who wants an independent central bank? Monetary policy-making and politics |
| Journal: | Scandinavian Journal of Economics
2000 : VOL. 102:4, p. 621-643 |
| Index terms: | CENTRAL BANK INDEPENDENCE FINANCIAL POLICY POLITICS |
| Language: | eng |
| Abstract: | The costs and benefits of cooperative monetary and fiscal policy are analysed in the framework of a partisan business-cycles model. It is shown that political parties with different ideologies prefer to choose different arrangements for macroeconomic policy-making. More spesifically, right-wing parties favour independent central banks more than left-wing parties. An independent central bank is also the generally preferred option from a social welfare point of view. |
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