Establishing a Hawkish Reputation: Interest Rate Setting by Newly Appointed Central Bank Governors

In this paper, we explore the interest rate setting behavior of newly appointed central bank governors. We use the Kuttner and Posen (2010) sample, which covers 15 OECD countries, and estimate an augmented Taylor (1993) rule for the period 1974–2008. We find, first, that newly appointed governors fi...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 46-2012)
Main Author: Neuenkirch, Matthias
Format: Work
Published: Philipps-Universität Marburg 2012
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics