Goal-Independent Central Banks : Why Politicians Decide to Delegate /
A motivation for central bank independence (CBI) is that policy delegation helps politicians manage diverse coalitions. This paper develops a model of coalition formation that predicts when delegation will occur. An analysis of policy preferences survey data and CBI indicators supports the predictio...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2006.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2006/256 |
| 主題: | |
| 在線閱讀: | Full text available on IMF |