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The optimal choice of central bank independence and conservatism under uncertainty · Study

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ArticleThe optimal choice of central bank independence and conservatism under uncertainty

Carsten Hefeker2011

Article2011

The optimal choice of central bank independence and conservatism under uncertainty

Carsten Hefeker · Blandine Zimmer

33 citations·0/0 files stored·Journal of Macroeconomics

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Monetary Policy and Economic Impact Global Financial Crisis and Policies Economic theories and models

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References

1977Rules Rather than Discretion: The Inconsistency of Optimal Plans 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY 1999The Science of Monetary Policy: A New Keynesian Perspective 1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1983A Positive Theory of Monetary Policy in a Natural Rate Model 1981A Positive Theory of Monetary Policy in a Natural-Rate Model 1993Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence 1992Measuring the Independence of Central Banks and Its Effect on Policy Outcomes

Cited by

2013The central banker as prudential supervisor: Does independence matter?2016The Politics of Central Bank Independence 2022Central Bank Independence and Inflation Preferences: New Empirical Evidence on the Effects on Inflation 2021Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021)2015Ups and Downs. Central Bank Independence from the Great Inflation to the Great Recession: Theory, Institutions and Empirics

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2012The Theory of Economic Policy in a Strategic Contextbook · 19 shared references 2006Inflation, government transfers, and optimal central bank independencearticle · 16 shared references 2008Imperfect transparency and shifts in the central bank's output gap targetarticle · 15 shared references 2021Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021)article · 14 shared references 2010Optimal linear contracts under common agency and uncertain central bank preferencesarticle · 14 shared references 2002The Political Economy of Inflation, Labour Market Distortions and Central Bank Independencearticle · 13 shared references

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Year2011

Typearticle

Published2011-09-25

VenueJournal of Macroeconomics

ISSN-L0164-0704

Languageen

Citations33

Files0 public / 0

ShelfMonetary Policy and Economic Impact

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doi10.1016/j.jmacro.2011.09.005

openalex_workW2092706446

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2016The Politics of Central Bank Independence