메뉴 건너뛰기




Volumn 13, Issue 2, 1997, Pages 201-224

The bureaucratic and partisan behavior of independent central banks: German and international evidence

Author keywords

Central banks; Political business cycles

Indexed keywords


EID: 0031138821     PISSN: 01762680     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0176-2680(97)00004-9     Document Type: Article
Times cited : (83)

References (40)
  • 1
    • 0002348551 scopus 로고
    • Political parties and the business cycle in the United States, 1948-1984
    • Alesina, A., Sachs, J., 1988. Political parties and the business cycle in the United States, 1948-1984. Journal of Money, Credit and Banking 20, 63-82.
    • (1988) Journal of Money, Credit and Banking , vol.20 , pp. 63-82
    • Alesina, A.1    Sachs, J.2
  • 2
    • 0002152685 scopus 로고
    • Politics and business cycles in industrial democracies
    • Alesina, A., 1989. Politics and business cycles in industrial democracies. Economic Policy 8, 55-98.
    • (1989) Economic Policy , vol.8 , pp. 55-98
    • Alesina, A.1
  • 3
    • 0010879406 scopus 로고
    • Macroeconomic policy and elections in OECD democracies
    • Cukierman, A., Hercowitz, Z., Leiderman, L. (Eds.), MIT Press, Cambridge, MA, London
    • Alesina, A., Cohen, G.D., Roubini, N., 1992. Macroeconomic policy and elections in OECD democracies, in: Cukierman, A., Hercowitz, Z., Leiderman, L. (Eds.), Political economy, growth and business cycles, MIT Press, Cambridge, MA, London, pp. 227-262.
    • (1992) Political Economy, Growth and Business Cycles , pp. 227-262
    • Alesina, A.1    Cohen, G.D.2    Roubini, N.3
  • 4
    • 0000665624 scopus 로고
    • Central bank independence and macroeconomic performance: Some comparative evidence
    • Alesina, A., Summers, L., 1993. Central bank independence and macroeconomic performance: Some comparative evidence. Journal of Money, Credit and Banking 25, 151-162.
    • (1993) Journal of Money, Credit and Banking , vol.25 , pp. 151-162
    • Alesina, A.1    Summers, L.2
  • 5
    • 84959577455 scopus 로고
    • Political parties, world demand and unemployment: Domestic and international sources of economic activity
    • Alt, J., 1985. Political parties, world demand and unemployment: Domestic and international sources of economic activity. American Political Science Review 79, 1016-1040.
    • (1985) American Political Science Review , vol.79 , pp. 1016-1040
    • Alt, J.1
  • 7
    • 0002869004 scopus 로고
    • Central bank independence: An international comparison
    • Federal Reserve Bank of Dallas
    • Banaian, K., Laney, L., Willett, T.D., 1983. Central bank independence: An international comparison, Economic Review, Federal Reserve Bank of Dallas, pp. 1 -22.
    • (1983) Economic Review , pp. 1-22
    • Banaian, K.1    Laney, L.2    Willett, T.D.3
  • 9
    • 0010800381 scopus 로고
    • Discussion Paper 95-06, Münchener Wirtschaftswissenschaftliche Beiträge, University of Munich
    • Berger, H., Woitek, U., 1995. Are there political business cycles in Germany? Discussion Paper 95-06, Münchener Wirtschaftswissenschaftliche Beiträge, University of Munich.
    • (1995) Are There Political Business Cycles in Germany?
    • Berger, H.1    Woitek, U.2
  • 10
    • 0010802902 scopus 로고
    • The Federal Reserve as a bureaucracy: An examination of expense preference behavior
    • Boyes, W., Mounts, W.S., Sowell, C., 1988. The Federal Reserve as a bureaucracy: An examination of expense preference behavior. Journal of Money, Credit and Banking 20, 181-190.
    • (1988) Journal of Money, Credit and Banking , vol.20 , pp. 181-190
    • Boyes, W.1    Mounts, W.S.2    Sowell, C.3
  • 12
    • 0001924633 scopus 로고
    • The choice of monetary instruments and the theory of bureaucracy
    • reprinted in Toma, 1986
    • Chant, J.F., Acheson, K., 1972. The choice of monetary instruments and the theory of bureaucracy, Public Choice, pp. 13-33 (reprinted in Toma, 1986).
    • (1972) Public Choice , pp. 13-33
    • Chant, J.F.1    Acheson, K.2
  • 13
    • 84980243513 scopus 로고
    • Mythology and central banking
    • Chant, J.F., Acheson, K., 1973. Mythology and central banking. Kyklos 26, 362-379.
    • (1973) Kyklos , vol.26 , pp. 362-379
    • Chant, J.F.1    Acheson, K.2
  • 15
    • 21144473972 scopus 로고
    • Partisan monetary policies: Presidential influence through the power of appointment
    • Chappell, H.W., Havrilesky, T.M., McGregor, R.R., 1993. Partisan monetary policies: Presidential influence through the power of appointment. Quarterly Journal of Economics 108, 185-218.
    • (1993) Quarterly Journal of Economics , vol.108 , pp. 185-218
    • Chappell, H.W.1    Havrilesky, T.M.2    McGregor, R.R.3
  • 18
    • 0010863590 scopus 로고
    • Chairman reappointments, presidential elections and policy actions of the Federal Reserve
    • Ersenkal, C., Wallace, M.S., Warner, J.T., 1985. Chairman reappointments, presidential elections and policy actions of the Federal Reserve. Policy Sciences 18, 211-225.
    • (1985) Policy Sciences , vol.18 , pp. 211-225
    • Ersenkal, C.1    Wallace, M.S.2    Warner, J.T.3
  • 19
    • 0000692467 scopus 로고
    • Central bank behavior: A positive empirical analysis
    • Frey, B.S., Schneider, F., 1981. Central bank behavior: A positive empirical analysis. Journal of Monetary Economics 9, 291-315.
    • (1981) Journal of Monetary Economics , vol.9 , pp. 291-315
    • Frey, B.S.1    Schneider, F.2
  • 21
    • 0003290007 scopus 로고
    • Explaining FOMC members' votes
    • Mayer, T. (Ed.), Cambridge University Press, Cambridge
    • Gildea, J., 1990. Explaining FOMC members' votes, in: Mayer, T. (Ed.), The political economy of American monetary policy, Cambridge University Press, Cambridge, pp. 211-227.
    • (1990) The Political Economy of American Monetary Policy , pp. 211-227
    • Gildea, J.1
  • 22
    • 0001162767 scopus 로고
    • Public financial policies in industrialized countries
    • Grilli, V., Masciandaro, D., Tabellini, G., 1991. Public financial policies in industrialized countries. Economic Policy 13, 342-392.
    • (1991) Economic Policy , vol.13 , pp. 342-392
    • Grilli, V.1    Masciandaro, D.2    Tabellini, G.3
  • 24
    • 84984483814 scopus 로고
    • Screening FOMC members for their biases and dependability
    • Havrilesky, T., Gildea, J., 1991. Screening FOMC members for their biases and dependability. Economics and Politics 3, 139-149.
    • (1991) Economics and Politics , vol.3 , pp. 139-149
    • Havrilesky, T.1    Gildea, J.2
  • 25
    • 0002983773 scopus 로고
    • Reliable and unreliable partisan appointees to the Board of Governors
    • Havrilesky, T., Gildea, J., 1992. Reliable and unreliable partisan appointees to the Board of Governors. Public Choice 73, 397-417.
    • (1992) Public Choice , vol.73 , pp. 397-417
    • Havrilesky, T.1    Gildea, J.2
  • 26
    • 84972959926 scopus 로고
    • Political parties and macroeconomic policy
    • Hibbs, D., 1977. Political parties and macroeconomic policy. American Political Science Review 71, 1467-1487.
    • (1977) American Political Science Review , vol.71 , pp. 1467-1487
    • Hibbs, D.1
  • 27
    • 0001392303 scopus 로고
    • Politics and Fed policymaking; the more things change the more they remain the same
    • Kane, E.J., 1980. Politics and Fed policymaking; The more things change the more they remain the same. Journal of Monetary Economics 8, 199-211.
    • (1980) Journal of Monetary Economics , vol.8 , pp. 199-211
    • Kane, E.J.1
  • 29
    • 84984072739 scopus 로고
    • Central banks' independence: Institutional determinants. Rankings and central bankers' views
    • Masciandaro, D., Spinelli, F., 1994. Central banks' independence: Institutional determinants. rankings and central bankers' views. Scottish Journal of Political Economy 41, 434-443.
    • (1994) Scottish Journal of Political Economy , vol.41 , pp. 434-443
    • Masciandaro, D.1    Spinelli, F.2
  • 30
    • 0010880229 scopus 로고    scopus 로고
    • FOMC voting behavior and electoral cycles: Partisan ideology and partisan loyalty
    • McGregor, R.R., 1996. FOMC voting behavior and electoral cycles: Partisan ideology and partisan loyalty. Economics and Politcs 8, 17-32.
    • (1996) Economics and Politcs , vol.8 , pp. 17-32
    • McGregor, R.R.1
  • 31
    • 0010931635 scopus 로고
    • Central Banking Publications, London
    • Morgan Stanley, 1994, Central bank directory, Central Banking Publications, London.
    • (1994) Central Bank Directory
    • Stanley, M.1
  • 34
    • 0010803126 scopus 로고
    • Preliminary evidence on the use of inputs by the Federal Reserve System
    • Shughart, W.F., Tollison, R.D., 1983. Preliminary evidence on the use of inputs by the Federal Reserve System. American Economic Review 73, 291-304.
    • (1983) American Economic Review , vol.73 , pp. 291-304
    • Shughart, W.F.1    Tollison, R.D.2
  • 35
    • 84977414454 scopus 로고
    • Political business cycles in industrialized democratic countries
    • Soh, B.H., 1986. Political business cycles in industrialized democratic countries. Kyklos 39, 31-46.
    • (1986) Kyklos , vol.39 , pp. 31-46
    • Soh, B.H.1
  • 37
    • 0010878084 scopus 로고
    • The return to the European Monetary System: Objectives, incentives, perspectives
    • Vaubel, R., 1980. The return to the European Monetary System: Objectives, incentives, perspectives. Carnegie-Rochester Conference Series on Public Policy 13, 173-221.
    • (1980) Carnegie-Rochester Conference Series on Public Policy , vol.13 , pp. 173-221
    • Vaubel, R.1
  • 38
    • 0003229108 scopus 로고
    • Currency competition and European monetary integration
    • Vaubel, R., 1990. Currency competition and European monetary integration. Economic Journal 100, 936-945.
    • (1990) Economic Journal , vol.100 , pp. 936-945
    • Vaubel, R.1
  • 39
    • 0010923586 scopus 로고
    • The breakdown of the ERM and the future of EMU: Explanations, predictions and simulations from a public choice perspective
    • Cobham, D. (Ed.), Manchester University Press, Manchester
    • Vaubel, R., 1994. The breakdown of the ERM and the future of EMU: Explanations, predictions and simulations from a public choice perspective, in: Cobham, D. (Ed.), European monetary upheavals, Manchester University Press, Manchester, pp. 32-58.
    • (1994) European Monetary Upheavals , pp. 32-58
    • Vaubel, R.1
  • 40
    • 51249183463 scopus 로고
    • The causal role of money in West Germany - Some contradicting comments and evidence
    • von Hagen, J., 1984. The causal role of money in West Germany - Some contradicting comments and evidence. Weltwirtschaftliches Archiv 120, 558-571.
    • (1984) Weltwirtschaftliches Archiv , vol.120 , pp. 558-571
    • Von Hagen, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.