메뉴 건너뛰기




Volumn 92, Issue 2, 1998, Pages 311-327

A political explanation of variations in central bank independence

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0032220646     PISSN: 00030554     EISSN: 15375943     Source Type: Journal    
DOI: 10.2307/2585666     Document Type: Article
Times cited : (128)

References (90)
  • 3
    • 0002152685 scopus 로고
    • Inflation, unemployment, and politics in industrial democracies
    • Alesina, Alberto. 1989. "Inflation, Unemployment, and Politics in Industrial Democracies." Economic Policy 8(Spring):55-98.
    • (1989) Economic Policy , vol.8 , Issue.SPRING , pp. 55-98
    • Alesina, A.1
  • 5
    • 0002348551 scopus 로고
    • Political parties and the business cycle in the United States: 1948-1984
    • Alesina, Alberto, and Jeffrey Sachs. 1988. "Political Parties and the Business Cycle in the United States: 1948-1984." Journal of Money, Credit, and Banking 20(1):63-82.
    • (1988) Journal of Money, Credit, and Banking , vol.20 , Issue.1 , pp. 63-82
    • Alesina, A.1    Sachs, J.2
  • 6
    • 0000665624 scopus 로고
    • Central bank independence and macroeconomic performance: Some comparative evidence
    • Alesina, Alberto, and Lawrence Summers. 1993. "Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence." Journal of Money, Credit, and Banking 25(2):151-62.
    • (1993) Journal of Money, Credit, and Banking , vol.25 , Issue.2 , pp. 151-162
    • Alesina, A.1    Summers, L.2
  • 8
    • 84971737310 scopus 로고
    • Stable governments and the allocation of portfolios
    • Austen-Smith, David, and Jeffrey Banks. 1990. "Stable Governments and the Allocation of Portfolios." American Political Science Review 84(3):891-906.
    • (1990) American Political Science Review , vol.84 , Issue.3 , pp. 891-906
    • Austen-Smith, D.1    Banks, J.2
  • 11
    • 84936000967 scopus 로고
    • Elections and the fed: Is there a political monetary cycle?
    • Beck, Nathaniel. 1987. "Elections and the Fed: Is There a Political Monetary Cycle?" American Journal of Political Science 31(1):194-216.
    • (1987) American Journal of Political Science , vol.31 , Issue.1 , pp. 194-216
    • Beck, N.1
  • 13
    • 0001813556 scopus 로고
    • Regression diagnostics: An expository treatment of outliers and influential cases
    • ed. John Fox and J. Scott Long. Newbury Park, CA: Sage
    • Bollen, Kenneth, and Robert Jackman. 1990. "Regression Diagnostics: An Expository Treatment of Outliers and Influential Cases." In Modern Methods of Data Analysis, ed. John Fox and J. Scott Long. Newbury Park, CA: Sage.
    • (1990) Modern Methods of Data Analysis
    • Bollen, K.1    Jackman, R.2
  • 14
    • 0021091774 scopus 로고
    • Party competition - Selective emphasis or direct confrontation? An alternative view with data
    • ed. Hans Daadler and Peter Mair. Beverly Hills, CA: Sage
    • Budge, Ian, and Dennis Farlie. 1983. "Party Competition - Selective Emphasis or Direct Confrontation? An Alternative View with Data." In Western European Party Systems: Continuity and Change, ed. Hans Daadler and Peter Mair. Beverly Hills, CA: Sage.
    • (1983) Western European Party Systems: Continuity and Change
    • Budge, I.1    Farlie, D.2
  • 15
    • 0011901690 scopus 로고
    • Central bank reform: The federal reserve in international perspective
    • Burdekin, Richard, and Thomas Willett. 1991. "Central Bank Reform: The Federal Reserve in International Perspective." Public Budgeting and Financial Management 3(3):531-51.
    • (1991) Public Budgeting and Financial Management , vol.3 , Issue.3 , pp. 531-551
    • Burdekin, R.1    Willett, T.2
  • 17
    • 0002175504 scopus 로고
    • Social democracy, corporatism, labour quiescence and the representation of economic interest in advanced capitalist society
    • ed. John H. Goldthorpe. Oxford: Clarendon
    • Cameron, David. 1984. "Social Democracy, Corporatism, Labour Quiescence and the Representation of Economic Interest in Advanced Capitalist Society." In Order and Conflict in Contemporary Capitalism, ed. John H. Goldthorpe. Oxford: Clarendon.
    • (1984) Order and Conflict in Contemporary Capitalism
    • Cameron, D.1
  • 18
    • 84876860124 scopus 로고
    • Institutional choice as nested games: Central bank independence in developing countries
    • San Francisco, CA
    • Clark, William Robert. 1992. "Institutional Choice as Nested Games: Central Bank Independence in Developing Countries." Presented at the annual meetings of the American Political Science Association, San Francisco, CA.
    • (1992) Annual Meetings of the American Political Science Association
    • Clark, W.R.1
  • 19
    • 0004279494 scopus 로고
    • Diagnostics for heteroskedasticity in regression
    • Cook, R. Dennis, and Sanford Weisberg. 1983. "Diagnostics for Heteroskedasticity in Regression." Biometrika 70(1):1-10.
    • (1983) Biometrika , vol.70 , Issue.1 , pp. 1-10
    • Cook, R.D.1    Weisberg, S.2
  • 22
    • 0000769846 scopus 로고
    • Measuring the independence of central banks and its effect on policy outcomes
    • Cukierman, Alex, Steven B. Webb, and Bilin Neyapti. 1992. "Measuring the Independence of Central Banks and Its Effect on Policy Outcomes." World Bank Economic Review 6(3):353-98.
    • (1992) World Bank Economic Review , vol.6 , Issue.3 , pp. 353-398
    • Cukierman, A.1    Webb, S.B.2    Neyapti, B.3
  • 23
    • 84928844362 scopus 로고
    • The italian budgetary process: Political and institutional constraints
    • Della Sala, Vincent. 1988. "The Italian Budgetary Process: Political and Institutional Constraints." West European Politics 11(3):110-25.
    • (1988) West European Politics , vol.11 , Issue.3 , pp. 110-125
    • Della Sala, V.1
  • 24
    • 84876823753 scopus 로고
    • The independence of central banks
    • Fair, Don. 1979. "The Independence of Central Banks." The Banker 129(October):31-41.
    • (1979) The Banker , vol.129 , Issue.OCTOBER , pp. 31-41
    • Fair, D.1
  • 26
    • 0002135844 scopus 로고
    • The role of monetary policy
    • Friedman, Milton. 1968. "The Role of Monetary Policy." American Economic Review 58(1):1-17.
    • (1968) American Economic Review , vol.58 , Issue.1 , pp. 1-17
    • Friedman, M.1
  • 27
    • 84972266479 scopus 로고
    • Capital mobility, trade, and the domestic politics of economic policy
    • Garrett, Geoffrey. 1995. "Capital Mobility, Trade, and the Domestic Politics of Economic Policy." International Organization 49(4):657-87.
    • (1995) International Organization , vol.49 , Issue.4 , pp. 657-687
    • Garrett, G.1
  • 28
    • 84928439782 scopus 로고
    • The politics of central bank independence
    • Goodman, John B. 1991. "The Politics of Central Bank Independence." Comparative Politics 23(3):329-49.
    • (1991) Comparative Politics , vol.23 , Issue.3 , pp. 329-349
    • Goodman, J.B.1
  • 30
    • 0030305196 scopus 로고    scopus 로고
    • The effect of cultural values on economic development: Theory, hypotheses, and some empirical tests
    • Granato, Jim, Ronald Inglehart, and David Leblang. 1996. "The Effect of Cultural Values on Economic Development: Theory, Hypotheses, and Some Empirical Tests." American Journal of Political Science 40(3):607-31.
    • (1996) American Journal of Political Science , vol.40 , Issue.3 , pp. 607-631
    • Granato, J.1    Inglehart, R.2    Leblang, D.3
  • 31
    • 0030435425 scopus 로고    scopus 로고
    • The use of the encompassing principle to resolve empirical controversies in voting behavior: An application to voter rationality in congressional elections
    • Granato, Jim, and Mitoshi Suzuki. 1996. "The Use of the Encompassing Principle to Resolve Empirical Controversies in Voting Behavior: An Application to Voter Rationality in Congressional Elections." Electoral Studies 15(3):383-98.
    • (1996) Electoral Studies , vol.15 , Issue.3 , pp. 383-398
    • Granato, J.1    Suzuki, M.2
  • 32
    • 0001162767 scopus 로고
    • Political and monetary institutions and public finance policies in the industrialized democracies
    • Grilli, Vittorio, Donato Masciandaro, and Guido Tabellini. 1991. "Political and Monetary Institutions and Public Finance Policies in the Industrialized Democracies." Economic Policy 10(October): 342-92.
    • (1991) Economic Policy , vol.10 , Issue.OCTOBER , pp. 342-392
    • Grilli, V.1    Masciandaro, D.2    Tabellini, G.3
  • 35
    • 0000270815 scopus 로고
    • A partisanship theory of fiscal and monetary regimes
    • Havrilesky, Thomas. 1987. "A Partisanship Theory of Fiscal and Monetary Regimes." Journal of Money, Credit, and Banking 20(3): 308-25.
    • (1987) Journal of Money, Credit, and Banking , vol.20 , Issue.3 , pp. 308-325
    • Havrilesky, T.1
  • 37
    • 0010203311 scopus 로고
    • The political economy of monetary policy
    • Havrilesky, Thomas. 1994. "The Political Economy of Monetary Policy." European Journal of Political Economy 10(1):111-34.
    • (1994) European Journal of Political Economy , vol.10 , Issue.1 , pp. 111-134
    • Havrilesky, T.1
  • 38
    • 21144470351 scopus 로고
    • Determinants of inflationary performance: Corporatist structure vs. Central bank autonomy
    • Havrilesky, Thomas, and Jim Granato. 1993. "Determinants of Inflationary Performance: Corporatist Structure vs. Central Bank Autonomy." Public Choice 76(3):249-61.
    • (1993) Public Choice , vol.76 , Issue.3 , pp. 249-261
    • Havrilesky, T.1    Granato, J.2
  • 41
    • 0030306455 scopus 로고    scopus 로고
    • The vote of confidence in parliamentary democracies
    • Huber, John. 1996. "The Vote of Confidence in Parliamentary Democracies." American Political Science Review 90(2):269-82.
    • (1996) American Political Science Review , vol.90 , Issue.2 , pp. 269-282
    • Huber, J.1
  • 42
    • 84959630189 scopus 로고
    • The politics of economic growth in industrialized democracies, 1974-1980
    • Jackman, Robert. 1987. "The Politics of Economic Growth in Industrialized Democracies, 1974-1980." Journal of Politics 49(1): 242-56.
    • (1987) Journal of Politics , vol.49 , Issue.1 , pp. 242-256
    • Jackman, R.1
  • 43
    • 0010089729 scopus 로고    scopus 로고
    • The restructuring of the german bundesbank: The politics of institutional change
    • Kaltenthaler, Karl. 1996. "The Restructuring of the German Bundesbank: The Politics of Institutional Change." German Politics and Society 14(4):23-48.
    • (1996) German Politics and Society , vol.14 , Issue.4 , pp. 23-48
    • Kaltenthaler, K.1
  • 47
    • 0003790383 scopus 로고
    • New Haven: Yale University Press
    • Kettl, Donald. 1986. Leadership at the Fed. New Haven: Yale University Press.
    • (1986) Leadership at the Fed
    • Kettl, D.1
  • 48
    • 0001808893 scopus 로고
    • The transformation of Western European party systems
    • ed. Joseph LaPalombara and Myron Weiner. Princeton: Princeton University Press
    • Kirchheimer, Otto. 1966. "The Transformation of Western European Party Systems." In Political Parties and Political Development, ed. Joseph LaPalombara and Myron Weiner. Princeton: Princeton University Press.
    • (1966) Political Parties and Political Development
    • Kirchheimer, O.1
  • 54
    • 0003860184 scopus 로고
    • New Haven: Yale University Press
    • Lijphart, Arend. 1984. Democracies. New Haven: Yale University Press.
    • (1984) Democracies
    • Lijphart, A.1
  • 56
    • 0003215998 scopus 로고
    • Designing a central bank in a federal system: The Deutsche bundesbank, 1957-1992
    • ed. Pierre Silos. Boston: Kluwer Academic Publishers
    • Lohmann, Susanne. 1994. "Designing a Central Bank in a Federal System: The Deutsche Bundesbank, 1957-1992." In Varieties of Monetary Reforms: Lessons and Experiences on the Road to Monetary Union, ed. Pierre Silos. Boston: Kluwer Academic Publishers.
    • (1994) Varieties of Monetary Reforms: Lessons and Experiences on the Road to Monetary Union
    • Lohmann, S.1
  • 59
    • 0028579837 scopus 로고
    • Financial incentives and central bank authority in industrializing nations
    • Maxfield, Sylvia. 1994. "Financial Incentives and Central Bank Authority in Industrializing Nations." World Politics 46(4):556-88.
    • (1994) World Politics , vol.46 , Issue.4 , pp. 556-588
    • Maxfield, S.1
  • 61
    • 84935847115 scopus 로고
    • The legislative design of regulatory structure
    • McCubbins, Mathew. 1985. "The Legislative Design of Regulatory Structure." American Journal of Political Science 29(4):721-48.
    • (1985) American Journal of Political Science , vol.29 , Issue.4 , pp. 721-748
    • McCubbins, M.1
  • 62
    • 0000508965 scopus 로고
    • Structure and process, politics and policy: Administrative arrangements and the political control of agencies
    • McCubbins, Matthew, Roger Noll, and Barry Weingast. 1989. "Structure and Process, Politics and Policy: Administrative Arrangements and the Political Control of Agencies." Virginia Law Review 75(2):431-82.
    • (1989) Virginia Law Review , vol.75 , Issue.2 , pp. 431-482
    • McCubbins, M.1    Noll, R.2    Weingast, B.3
  • 63
    • 84935117599 scopus 로고
    • Congressional oversight overlooked: Police patrols versus fire alarms
    • McCubbins, Matthew, and Thomas Schwartz. 1983. "Congressional Oversight Overlooked: Police Patrols versus Fire Alarms." American Journal of Political Science 28(1):165-79.
    • (1983) American Journal of Political Science , vol.28 , Issue.1 , pp. 165-179
    • McCubbins, M.1    Schwartz, T.2
  • 64
    • 0002975896 scopus 로고
    • The politics of bureaucratic structure
    • ed. by John E. Chubb and Paul Peterson. Washington, DC: Brookings
    • Moe, Terry. 1989. "The Politics of Bureaucratic Structure." In Can the Government Govern? ed. by John E. Chubb and Paul Peterson. Washington, DC: Brookings.
    • (1989) Can the Government Govern?
    • Moe, T.1
  • 65
    • 0003110110 scopus 로고
    • The politics of structural choice: Toward a theory of public bureaucracy
    • ed. Oliver Williamson. New York: Oxford University Press
    • Moe, Terry. 1990. "The Politics of Structural Choice: Toward a Theory of Public Bureaucracy." In Organization Theory: From Chester Barnard to the Present and Beyond, ed. Oliver Williamson. New York: Oxford University Press.
    • (1990) Organization Theory: From Chester Barnard to the Present and Beyond
    • Moe, T.1
  • 66
    • 0030306586 scopus 로고    scopus 로고
    • Bootstrap statistical inference: Examples and evaluations for political science
    • Mooney, Christopher Z. 1996. "Bootstrap Statistical Inference: Examples and Evaluations for Political Science." American Journal of Political Science 40(2):570-602.
    • (1996) American Journal of Political Science , vol.40 , Issue.2 , pp. 570-602
    • Mooney, C.Z.1
  • 67
    • 0003830923 scopus 로고
    • Sage University Paper Series on Quantitative Applications in the Social Sciences, Newbury Park, CA: Sage
    • Mooney, Christopher Z., and Robert Duval. 1993. Bootstrapping: A Nonparametric Approach to Statistical Inference. Sage University Paper Series on Quantitative Applications in the Social Sciences, 07-095. Newbury Park, CA: Sage.
    • (1993) Bootstrapping: A Nonparametric Approach to Statistical Inference , pp. 07-095
    • Mooney, C.Z.1    Duval, R.2
  • 68
    • 84876849681 scopus 로고
    • Central bank independence as a prerequisite for price stability
    • Brussels: European Commission
    • Neumann, Manfred J. 1991. "Central Bank Independence as a Prerequisite for Price Stability." In The Economics of EMU, European Economy Special Edition, No. 1. Brussels: European Commission.
    • (1991) The Economics of EMU, European Economy Special Edition , vol.1
    • Neumann, M.J.1
  • 69
  • 72
    • 84888712512 scopus 로고
    • A cross-national analysis of economic voting taking account of the political context
    • Powell, G. Bingham, and Guy Whitten. 1993. "A Cross-National Analysis of Economic Voting Taking Account of the Political Context." American Journal of Political Science 37(2):391-414.
    • (1993) American Journal of Political Science , vol.37 , Issue.2 , pp. 391-414
    • Powell, G.B.1    Whitten, G.2
  • 73
    • 0002784406 scopus 로고
    • Why central bank independence does not cause low inflation: The politics behind the institutional fix
    • ed. Richard O'Brien. New York: Oxford University Press
    • Posen, Adam. 1993. "Why Central Bank Independence Does Not Cause Low Inflation: The Politics Behind the Institutional Fix." In Finance and the International Economy 7, ed. Richard O'Brien. New York: Oxford University Press.
    • (1993) Finance and the International Economy , vol.7
    • Posen, A.1
  • 74
    • 0001373058 scopus 로고
    • Declarations are not enough: Financial sector sources of central bank independence
    • Cambridge, MA: M.I.T. Press
    • Posen, Adam. 1995. "Declarations Are Not Enough: Financial Sector Sources of Central Bank Independence." NBER Macroeconomics Annual. Cambridge, MA: M.I.T. Press.
    • (1995) NBER Macroeconomics Annual
    • Posen, A.1
  • 75
    • 0003443840 scopus 로고
    • Princeton: Princeton University Press
    • Putnam, Robert. 1993. Making Democracy Work. Princeton: Princeton University Press.
    • (1993) Making Democracy Work
    • Putnam, R.1
  • 76
    • 0000619128 scopus 로고
    • Tests for specification errors in classical linear least squares regression analysis
    • Ramsey, J. B. 1969. "Tests for Specification Errors in Classical Linear Least Squares Regression Analysis." Journal of the Royal Statistical Society, series B, 31(2):350-71.
    • (1969) Journal of the Royal Statistical Society, Series B , vol.31 , Issue.2 , pp. 350-371
    • Ramsey, J.B.1
  • 77
    • 84947586303 scopus 로고
    • The optimal degree of commitment to an intermediate monetary target
    • Rogoff, Kenneth. 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target." Quarterly Journal of Economics 100(4):1169-89.
    • (1985) Quarterly Journal of Economics , vol.100 , Issue.4 , pp. 1169-1189
    • Rogoff, K.1
  • 78
    • 84974112076 scopus 로고
    • Trade and the variety of democratic institutions
    • Rogowski, Ronald. 1987. "Trade and the Variety of Democratic Institutions." International Organization 41(2):203-33.
    • (1987) International Organization , vol.41 , Issue.2 , pp. 203-233
    • Rogowski, R.1
  • 81
    • 0000857973 scopus 로고
    • A behavioral theory of competitive political parties
    • Strom, Kaare. 1990a. "A Behavioral Theory of Competitive Political Parties." American Journal of Political Science 34(2):565-98.
    • (1990) American Journal of Political Science , vol.34 , Issue.2 , pp. 565-598
    • Strom, K.1
  • 83
    • 0010194520 scopus 로고
    • The role of the bundesbank in German politics
    • Sturm, Roland. 1989. "The Role of the Bundesbank in German Politics." West European Politics 12(2):1-11.
    • (1989) West European Politics , vol.12 , Issue.2 , pp. 1-11
    • Sturm, R.1
  • 84
    • 0010097795 scopus 로고
    • How trade/GNP ratio decreases with country size
    • Taagepera, Rein, and James Hayes. 1977. "How Trade/GNP Ratio Decreases with Country Size." Social Science Research 6(1):108-32.
    • (1977) Social Science Research , vol.6 , Issue.1 , pp. 108-132
    • Taagepera, R.1    Hayes, J.2
  • 85
    • 0003303150 scopus 로고
    • Maintaining hegemony in Italy: 'The softer they rise, the slower they fall!'
    • ed. T. J. Pempel. Ithaca, NY: Cornell University Press
    • Tarrow, Sidney. 1990. "Maintaining Hegemony in Italy: 'The softer they rise, the slower they fall!'" In Uncommon Democracies: The One-Party Dominant Regimes, ed. T. J. Pempel. Ithaca, NY: Cornell University Press.
    • (1990) Uncommon Democracies: The One-Party Dominant Regimes
    • Tarrow, S.1
  • 86
    • 84937291685 scopus 로고
    • Concepts and suggestions for robust regression analysis
    • Western, Bruce. 1995. "Concepts and Suggestions for Robust Regression Analysis." American Journal of Political Science 39(3): 786-818.
    • (1995) American Journal of Political Science , vol.39 , Issue.3 , pp. 786-818
    • Western, B.1
  • 87
    • 0002965318 scopus 로고
    • Regression sensitivity analysis and bounded-influence estimation
    • ed. Jan Kmenta and James Ramsey. New York: Academic Press
    • Welsch, Roy. 1980. "Regression Sensitivity Analysis and Bounded-Influence Estimation." In Evaluation of Econometric Models, ed. Jan Kmenta and James Ramsey. New York: Academic Press.
    • (1980) Evaluation of Econometric Models
    • Welsch, R.1
  • 88
    • 0010096298 scopus 로고
    • The christian democrats: Masters of survival
    • ed. Howard Penniman. Washington, DC: American Enterprise Institute
    • Wertmann, Douglas A. 1981. "The Christian Democrats: Masters of Survival." In Italy at the Polls, 1979, ed. Howard Penniman. Washington, DC: American Enterprise Institute.
    • (1981) Italy at the Polls, 1979
    • Wertmann, D.A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.