1 option
The Politics of Monetary Policy / Alberto F. Alesina, Andrea Stella.
- Format:
- Book
- Author/Creator:
- Alesina, Alberto F.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w15856.
- NBER working paper series no. w15856
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2010.
- Summary:
- In this paper we critically review the literature on the political economy of monetary policy, with an eye on the questions raised by the recent financial crisis. We begin with a discussion of rules versus discretion. We then examine the issue of Central Banks independence both in normal times, in times of crisis. Then we review the literature of electoral manipulation of policies. Finally we address international institutional issues concerning the feasibility, optimality and political sustainability of currency unions in which more than one country share the same currency. A brief review of the Euro experience concludes the paper.
- Notes:
- Print version record
- April 2010.
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