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Appointing Central Bankers
The Politics of Monetary Policy in the United States and the European Monetary Union

$45.99 (C)

Part of Political Economy of Institutions and Decisions

  • Date Published: November 2006
  • availability: Available
  • format: Paperback
  • isbn: 9780521029841

$ 45.99 (C)
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About the Authors
  • Focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve Board members, this book answers three questions about the appointment process and its effects. First, do politicians influence monetary policy via Federal Reserve appointments? Second, who influences the process--only the President or the President and the Senate? Third, how is the structure of the Federal Reserve appointment process explained? The study extends the analysis of the Federal Reserve Board to the European Central bank.

    • Political as well as economic analysis of monetary policy
    • Combines rigorous theoretical and empirical analysis
    • Inter-branch bargaining - i.e. executive and legislative branch bargaining - and its influence on policy
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    Reviews & endorsements

    "Appointing Central Bankers makes an important contribution to our understanding of appointment power dynamics and impact on monetary policy in the United States and the European Central Bank. It is a "must read" for students of these institutions and should become an important methodological reference for students of other central banks and other types of regulatory agencies."
    Irwin L. Morris, Perspectives on Politics

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    Product details

    • Date Published: November 2006
    • format: Paperback
    • isbn: 9780521029841
    • length: 176 pages
    • dimensions: 227 x 150 x 13 mm
    • weight: 0.273kg
    • contains: 14 b/w illus. 31 tables
    • availability: Available
  • Table of Contents

    List of figures
    List of tables
    Acknowledgments
    1. Introduction
    2. A formal model of the appointment process
    3. Estimating monetary policy preferences
    4. Empirically testing the model's predictions
    5. Appointments to the European Central Bank
    6. The origins of the Federal Reserve appointment process
    7. Conclusions
    Bibliography
    Index.

  • Author

    Kelly H. Chang, UBS AG, Zurich

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