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Goal-Independent Central Banks

Goal-Independent Central Banks »

Source: Goal-Independent Central Banks : Why Politicians Decide to Delegate

Volume/Issue: 2006/256

Series: IMF Working Papers

Author(s): Christopher Crowe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

ISBN: 9781451865165

Keywords: coalition formation, treatment effects, monetary policy, central bank, inflation aversion, independent central bank, Noncooperative Games, Models of Political Processes: Rent-seeking, Elections, Legislatures

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. A...

Goal-Independent Central Banks
			: Why Politicians Decide to Delegate

Goal-Independent Central Banks : Why Politicians Decide to Delegate »

Volume/Issue: 2006/256

Series: IMF Working Papers

Author(s): Christopher Crowe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2006

DOI: http://dx.doi.org/10.5089/9781451865165.001

ISBN: 9781451865165

Keywords: coalition formation, treatment effects, monetary policy, central bank, inflation aversion, independent central bank, Noncooperative Games, Models of Political Processes: Rent-seeking, Elections, Legislatures

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. A...

It Framework Design Parameters

It Framework Design Parameters »

Volume/Issue: 2009/87

Series: IMF Working Papers

Author(s): Douglas Laxton , and Charles Freedman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

DOI: http://dx.doi.org/10.5089/9781451872347.001

ISBN: 9781451872347

Keywords: central bank, inflation rate

This is the third chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." It examines a number of elements in the design of...

It Framework Design Parameters

It Framework Design Parameters »

Source: It Framework Design Parameters

Volume/Issue: 2009/87

Series: IMF Working Papers

Author(s): Douglas Laxton , and Charles Freedman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

ISBN: 9781451872347

Keywords: central bank, inflation rate

This is the third chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." It examines a number of elements in the design of...