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The Search for Autonomy: Governments, Central Banks, and the Formation of Monetary Preferences
Autonomy Monetary Preferences
2009/9/29
This article contributes to the literature on the fundamental preferences of governments and central banks in international monetary policy. Based on archival sources, the paper analyses the dynamics ...
IN WHAT RESPECTS WILL THE INFORMATION AGE MAKE CENTRAL BANKS OBSOLETE?
INFORMATION AGE CENTRAL BANKS private firms
2008/11/11
Like a post office, a central bank does useful things. That fact that
it does useful things does not make eitherinstitution efficient, at least
not in its present-day form as a government agency. By...
In the 1990s, several governments gave their central banks operational
independence to pursue low inflation, and steps were taken to
make the new monetary policy more credible by making it more
tra...