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来源类型Working Paper
规范类型报告
DOI10.3386/w15856
来源IDWorking Paper 15856
The Politics of Monetary Policy
Alberto F. Alesina; Andrea Stella
发表日期2010-04-02
出版年2010
语种英语
摘要In this paper we critically review the literature on the political economy of monetary policy, with an eye on the questions raised by the recent financial crisis. We begin with a discussion of rules versus discretion. We then examine the issue of Central Banks independence both in normal times, in times of crisis. Then we review the literature of electoral manipulation of policies. Finally we address international institutional issues concerning the feasibility, optimality and political sustainability of currency unions in which more than one country share the same currency. A brief review of the Euro experience concludes the paper.
主题Macroeconomics ; Monetary Policy
URLhttps://www.nber.org/papers/w15856
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573531
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GB/T 7714
Alberto F. Alesina,Andrea Stella. The Politics of Monetary Policy. 2010.
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