Bankers, Bureaucrats, and Central Bank Politics : The Myth of Neutrality
Book Details
Format
Paperback / Softback
Book Series
Cambridge Studies in Comparative Politics
ISBN-10
1107567092
ISBN-13
9781107567092
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 10th, 2016
Print length
390 Pages
Weight
592 grams
Dimensions
15.90 x 23.40 x 2.50 cms
Product Classification:
Comparative politicsPolitical economyBanking
Ksh 7,200.00
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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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