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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP6441 |
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 |
URL | https://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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