Bankers, Bureaucrats, and Central Bank Politics : The Myth of Neutrality
Book Details
Format
Hardback or Cased Book
Book Series
Cambridge Studies in Comparative Politics
ISBN-10
110703261X
ISBN-13
9781107032613
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Apr 15th, 2013
Print length
390 Pages
Weight
688 grams
Dimensions
23.80 x 16.30 x 2.60 cms
Product Classification:
Comparative politicsPolitical economyBanking
Ksh 20,500.00
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Economists emphasize the role central banks' independence plays in achieving good economic outcomes. Using game theory and data from dozens of countries, Adolph illustrates that central bankers with different career trajectories choose different monetary policies. Central banks run by former bankers favor low inflation, whereas bureaucrats support low unemployment.
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