G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6441
DP6441 Central Bank Independence and Monetary Policymaking Institutions - Past Present and Future
Alex Cukierman
发表日期2007-08-24
出版年2007
语种英语
摘要This paper's point of departure is that low-quality institutions, concentration of political power, and underdevelopment are persistent over time. Its analytical model views an equal distribution of political power as a commitment device to enhance institutional quality thereby promoting growth. The politically powerful coalition contemplates relinquishing of its power, weighing this advantageous consequence against the limit on own appropriative ability that it entails. The possibility of two developmental paths is exhibited: with concentration of political and economic power, low-quality institutions, and slow growth; and a more equal distribution of political and economic resources, high-quality institutions, and faster growth.
主题Public Economics
关键词Growth Inequality Institutional quality Political bias
URLhttps://cepr.org/publications/dp6441
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535277
推荐引用方式
GB/T 7714
Alex Cukierman. DP6441 Central Bank Independence and Monetary Policymaking Institutions - Past Present and Future. 2007.
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