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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| Main Author: | |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
2006.
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| Series: | IMF working paper ;
WP/06/256. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |