CART

(0) items

Bankers, Bureaucrats, and Central Bank Politics : The Myth of Neutrality,9781107032613
This item qualifies for
FREE SHIPPING!

FREE SHIPPING OVER $59!

Your order must be $59 or more, you must select US Postal Service Shipping as your shipping preference, and the "Group my items into as few shipments as possible" option when you place your order.

Bulk sales, PO's, Marketplace Items, eBooks, Apparel, and DVDs not included.

Bankers, Bureaucrats, and Central Bank Politics : The Myth of Neutrality

by
ISBN13:

9781107032613

ISBN10:
110703261X
Format:
Hardcover
Pub. Date:
4/30/2013
Publisher(s):
Cambridge Univ Pr
List Price: $99.00

Rent Textbook

(Recommended)
 
Term
Due
Price
$69.30

Buy New Textbook

Usually Ships in 3-5 Business Days
$96.53

eTextbook

Downloadable Offline Access
Lifetime Access
$79.82

Used Textbook

We're Sorry
Sold Out

More New and Used
from Private Sellers
Starting at $69.24

Questions About This Book?

Why should I rent this book?
Renting is easy, fast, and cheap! Renting from eCampus.com can save you hundreds of dollars compared to the cost of new or used books each semester. At the end of the semester, simply ship the book back to us with a free UPS shipping label! No need to worry about selling it back.
How do rental returns work?
Returning books is as easy as possible. As your rental due date approaches, we will email you several courtesy reminders. When you are ready to return, you can print a free UPS shipping label from our website at any time. Then, just return the book to your UPS driver or any staffed UPS location. You can even use the same box we shipped it in!
What version or edition is this?
This is the edition with a publication date of 4/30/2013.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.
  • The Rental copy of this book is not guaranteed to include any supplemental materials. You may receive a brand new copy, but typically, only the book itself.

Summary

Most studies of the political economy of money focus on the laws protecting central banks from government interference; this book turns to the overlooked people who actually make monetary policy decisions. Using formal theory and statistical evidence from dozens of central banks across the developed and developing worlds, this book shows that monetary policy agents are not all the same. Molded by specific professional and sectoral backgrounds and driven by career concerns, central bankers with different career trajectories choose predictably different monetary policies. These differences undermine the widespread belief that central bank independence is a neutral solution for macroeconomic management. Instead, through careful selection and retention of central bankers, partisan governments can and do influence monetary policy - preserving a political trade-off between inflation and real economic performance even in an age of legally independent central banks.

Table of Contents

Agents, institutions, and the political economy of performance
Career theories of monetary policy
Careers and inflation in industrial democracies
Careers and the monetary policy process
Careers and inflation in developing countries
The uses of autonomy: what independence really means.
Partisan governments, labor unions, and monetary policy
The politics of central banker appointment
The politics of central banker tenure
Conclusion: the dilemma of discretion
Table of Contents provided by Publisher. All Rights Reserved.


Please wait while the item is added to your cart...