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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Publicado en:MAGKS - Joint Discussion Paper Series in Economics (Band 46-2012)
Autor principal: Neuenkirch, Matthias
Formato: Arbeit
Lenguaje:inglés
Publicado: Philipps-Universität Marburg 2012
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MAGKS - Joint Discussion Paper Series in Economics