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Tekijä: | Berger, H. Woitek, U. |
Otsikko: | Does conservatism matter? A time-series approach to central bank behaviour |
Lehti: | Economic Journal
2005 : JUL, VOL. 115:505, p. 745-766 |
Asiasana: | central banks inflation |
Vapaa asiasana: | conservatism |
Kieli: | eng |
Tiivistelmä: | This article discusses central banks that have been concervative in lowering inflation and inflation volatility that have been criticised for their focus on policy outcomes instead of policies, and for their unsystematic conflation of independence and conservatism. The authors find two aspects where conservatism matters. |
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