Template-type: ReDIF-Paper 1.0
Author-Name: Donato Masciandaro
Title: Central Bank Governance in Monetary Policy Economics (1981-2020)
Abstract: The aim of the paper is to shed light on how two factors "central bank's design and central bankers' preferences" progressively assumed a crucial role in the evolution of monetary policy economics in the last four decades. The two factors jointly identify the importance of central bank governance in influencing monetary policy decisions through their interactions with the monetary policy rules, given the assumptions about how macroeconomic systems work.
Classification-JEL: E50, E52, E58
Keywords: monetary policy, central bank independence, central banker conservatism, monetary policy committees, political economics, behavioural economics
Length: 48
Number: 21153
Creation-Date: 2021
File-URL: https://repec.unibocconi.it/baffic/baf/papers/cbafwp21153.pdf
File-Format: application/pdf
File-Size: 704
Handle: RePEc:baf:cbafwp:cbafwp21153