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Ups and downs of central bank independence from the Great Inflation to the Great Recession: theory, institutions and empirics
16 references·12 citing·31 second hop
Ups and downs of central bank independence from the Great Inflation to the Great Recession: theory, institutions and empirics (2015)Ups and downs of central bank independenc…A model of unconventional monetary policy (2010)A model of unconventional mon…Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence (2008)Central Bank Communication an…Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Monetary Policy and Exchange …The Limits of Delegation: Veto Players, Central Bank Independence, and the Credibility of Monetary Policy (2003)The Limits of Delegation: Vet…The Science of Monetary Policy: A New Keynesian Perspective (1999)The Science of Monetary Polic…Optimal contracts for central bankers (1995)Optimal contracts for central…Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Inside the Black Box: The Cre…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence (1993)Central Bank Independence and…Measuring the Independence of Central Banks and Its Effect on Policy Outcomes (1992)Measuring the Independence of…Political and Monetary Institutions and Public Financial Policies in the Industrial Countries (1991)Political and Monetary Instit…A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information (1986)A Theory of Ambiguity, Credib…The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)The Optimal Degree of Commitm…Rules, discretion and reputation in a model of monetary policy (1983)Rules, discretion and reputat…Some Unpleasant Monetarist Arithmetic (1981)Some Unpleasant Monetarist Ar…Some International Evidence on Output-Inflation Tradeoffs. (1973)Some International Evidence o…Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021) (2021)Independence, conservatism, a…The political economy of IMF conditionality and central bank independence (2020)The political economy of IMF …The Independence of Central Banks, Political Institutional Quality and Financial Sector Development in Africa (2020)The Independence of Central B…Earthquakes and Economic Outcomes: Does Central Bank Independence Matter? (2020)Earthquakes and Economic Outc…Central bank independence and inflation—Old story told anew (2019)Central bank independence and…The Political Economy of Reforms in Central Bank Design: Evidence from a New Dataset (2018)The Political Economy of Refo…Does central bank independence affect stock market volatility? (2017)Does central bank independenc…Central banking in the twenty-first century (2017)Central banking in the twenty…The Politics of Central Bank Independence (2016)The Politics of Central Bank …The Politics of Central Bank Independence (2016)The Politics of Central Bank …Fiscal policymaking and the central bank institutional constraint Una Vez Más: New Latin American evidence (2016)Fiscal policymaking and the c…Doves, hawks and pigeons: Behavioral monetary policy and interest rate inertia (2016)Doves, hawks and pigeons: Beh…Central Bank Strategy, Credibility, and Independence: Theory and Evidence (1992)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Financial Intermediation and Credit Policy in Business Cycle Analysis (2010)Credit Spreads and Business Cycle Fluctuations (2012)A Macroeconomic Model with a Financial Sector (2014)A Theory of the Consumption Function (1960)Econometric policy evaluation: A critique (1976)Trends and random walks in macroeconmic time series (1982)A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS (1991)The Role of Monetary Policy (1995)A Positive Theory of Monetary Policy in a Natural-Rate Model (1981)Reputation and imperfect information (1982)International Norm Dynamics and Political Change (1998)Macroeconomics and Reality (1980)The federal funds rate and the channels of monetary transmission (1989)Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)The Quarterly Journal of Economics (2024)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Aggregate Dynamics and Staggered Contracts (1980)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)The monetary dynamics of hyperinflation (1956)Macroeconomics and Politics (1988)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Presidential Address: Discount Rates (2011)An Introduction to Varieties of Capitalism (2001)Varieties of Capitalism (2001)Veto Players. How Political Institutions Work (2003)Estimation and Inference of Impulse Responses by Local Projections (2005)
this work references cited by second hop

References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 1999The Science of Monetary Policy: A New Keynesian Perspective4,927 cited
  • 1995Inside the Black Box: The Credit Channel of Monetary Policy Transmission4,205 cited
  • 1985The Optimal Degree of Commitment to an Intermediate Monetary Target3,687 cited
  • 1983Rules, discretion and reputation in a model of monetary policy3,625 cited
  • 1973Some International Evidence on Output-Inflation Tradeoffs.2,448 cited
  • 2010A model of unconventional monetary policy2,439 cited
  • 1993Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence1,830 cited
  • 1981Some Unpleasant Monetarist Arithmetic1,723 cited
  • 1992Measuring the Independence of Central Banks and Its Effect on Policy Outcomes1,707 cited
  • 1991Political and Monetary Institutions and Public Financial Policies in the Industrial Countries1,583 cited
  • 2005Monetary Policy and Exchange Rate Volatility in a Small Open Economy1,453 cited
  • 2008Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence1,391 cited
  • 1986A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information1,287 cited
  • 1995Optimal contracts for central bankers

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1,131 cited
  • 2003The Limits of Delegation: Veto Players, Central Bank Independence, and the Credibility of Monetary Policy649 cited
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    • 2016Fiscal policymaking and the central bank institutional constraint Una Vez Más: New Latin American evidence57 cited
    • 2017Central banking in the twenty-first century46 cited
    • 2016The Politics of Central Bank Independence33 cited
    • 2020The political economy of IMF conditionality and central bank independence31 cited
    • 2019Central bank independence and inflation—Old story told anew28 cited
    • 2017Does central bank independence affect stock market volatility?27 cited
    • 2016Doves, hawks and pigeons: Behavioral monetary policy and interest rate inertia25 cited
    • 2020Earthquakes and Economic Outcomes: Does Central Bank Independence Matter?21 cited
    • 2020The Independence of Central Banks, Political Institutional Quality and Financial Sector Development in Africa20 cited
    • 2021Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021)19 cited
    • 2016The Politics of Central Bank Independence15 cited