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Long-term appointment of central bankers: costs and benefits

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  • Lindner, Axel

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  • Lindner, Axel, 2000. "Long-term appointment of central bankers: costs and benefits," European Journal of Political Economy, Elsevier, vol. 16(4), pages 639-654, November.
    • Handle: RePEc:eee:poleco:v:16:y:2000:i:4:p:639-654
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    References listed on IDEAS

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    1. Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
    2. Waller, Christopher J., 1992. "A bargaining model of partisan appointments to the central bank," Journal of Monetary Economics, Elsevier, vol. 29(3), pages 411-428, June.
    3. Henry W. Chappell & Thomas M. Havrilesky & Rob Roy McGregor, 1993. "Partisan Monetary Policies: Presidential Influence Through the Power of Appointment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 185-218.
    4. Christopher J. Waller, 1998. "Appointing the median voter of a policy board," Working Papers (Old Series) 9802, Federal Reserve Bank of Cleveland.
    5. Berger, Helge & Woitek, Ulrich, 1997. "How opportunistic are partisan German central bankers: Evidence on the Vaubel hypothesis," European Journal of Political Economy, Elsevier, vol. 13(4), pages 807-821, December.
    6. Greenberg, Joseph & Shepsle, Kenneth, 1987. "The Effect of Electoral Rewards in Multiparty Competition with Entry," American Political Science Review, Cambridge University Press, vol. 81(2), pages 525-537, June.
    7. Manfred Neumann, 1991. "Precommitment by central bank independence," Open Economies Review, Springer, vol. 2(2), pages 95-112, June.
    8. Vaubel, Roland, 1997. "The bureaucratic and partisan behavior of independent central banks: German and international evidence," European Journal of Political Economy, Elsevier, vol. 13(2), pages 201-224, May.
    9. Shlomo Weber, 1997. "Entry deterrence in electoral spatial competition," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 15(1), pages 31-56.
    10. Thomas R. Palfrey, 1984. "Spatial Equilibrium with Entry," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(1), pages 139-156.
    11. Waller, Christopher J & Walsh, Carl E, 1996. "Central-Bank Independence, Economic Behavior, and Optimal Term Lengths," American Economic Review, American Economic Association, vol. 86(5), pages 1139-1153, December.
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    Cited by:

    1. Helge Berger, 2006. "Optimal central bank design: Benchmarks for the ECB," The Review of International Organizations, Springer, vol. 1(3), pages 207-235, September.
    2. Bernd Hayo & Carsten Hefeker, 2001. "Do We Really Need Central Bank Independence? A Critical Re- examination," Macroeconomics 0103006, University Library of Munich, Germany.
    3. Helge Berger & Till Mueller, 2007. "How should large and small countries be represented in a currency union?," Public Choice, Springer, vol. 132(3), pages 471-484, September.
    4. Hayo, Bernd & Hefeker, Carsten, 2002. "Reconsidering central bank independence," European Journal of Political Economy, Elsevier, vol. 18(4), pages 653-674, November.

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